Hooters Casino Hotel Lender To Bid $60M At Auction

Law360, New York (February 6, 2012, 6:53 PM EST) -- The main creditor for the bankrupt Hooters Casino Hotel in Las Vegas will set the price floor at an upcoming auction of the property with a $60 million credit bid, according to court documents filed Friday.

Beverly Hills, Calif.-based Canpartners Realty Holding Co. IV LLC, the main creditor for the hotel's owners, listed as 155 East Tropicana LLC, said it would make the $60 million credit bid at an auction of the property scheduled for Feb. 17, a stipulation said.

The credit bid includes a $15...
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