Hooters Casino Hotel's Ch. 11 Plan Gets Nod

Law360, New York (March 9, 2012, 10:48 PM EST) -- A Nevada bankruptcy judge on Friday approved the Hooters Casino Hotel owners' first amended Chapter 11 plan and disclosure statement, after he greenlighted the $60 million sale of the property at a February auction.

U.S. Bankruptcy Judge Bruce A. Markell approved the sale Feb. 24 to credit bidder C4HNM LLC, assignee of U.S. Bank NA, after hotel owner 155 East Tropicana's main creditor set the price floor at the auction with a $60 million credit bid, which includes a $15 million credit facility and $45 million...
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