MSR Hotels Wins Approval Of Ch. 11 Plan After 3 Years

Law360, New York (February 6, 2014, 3:25 PM EST) -- After nearly three years of litigation, a New York bankruptcy judge on Thursday confirmed MSR Hotel & Resorts Inc.'s Chapter 11 reorganization plan, authorizing the $5.5 million sale of its remaining assets to the real estate investment arm of the Government of Singapore Investment Corp.

Following no objections at the end of a hearing Thursday morning, U.S. Bankruptcy Judge Sean H. Lane approved the debtor’s plan of reorganization, praising all parties for their efforts in resolving the case and leaving very few issues left to be...
To view the full article, register now.