Eagle Hospitality Gets OK For $482M Hotel Sale In Ch. 11

Law360 (May 28, 2021, 8:26 PM EDT) -- A Delaware bankruptcy judge on Friday approved Eagle Hospitality's $481.9 million Chapter 11 sale of 14 of its hotels, rejecting calls by a failed bidder for more time to solidify a new last-minute offer.

Following a virtual hearing, Judge Christopher Sontchi denied the requests of Constellation Hospitality Group and a group of Eagle's equity holders to delay the sale to give Constellation more time to secure funding for its newly submitted bid, saying Constellation's offer wouldn't be ready in the immediate future and didn't appear to be a better deal.

"If you want to disrupt a sale hearing at the last...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!