Bankrupt Hotel Operators Seek Approval On $166M Sale

Law360, New York (November 5, 2013, 6:31 PM EST) -- The chief restructuring officer for a group of bankrupt Embassy Suites hotel operators asked a California judge on Friday to approve a $166.3 million hotel sale to a joint venture of BlueMountain Capital Management LLC unit and an affiliate of AWH Partners LLC.

The portfolio of eight hotels is being purchased by shell company ES Feeholder LLC, which came out with the best bid in a recent auction, chief restructuring officer and Odyssey Capital Group LLC managing partner Grant Lyon said in a motion to approve...
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