Eagle Hospitality Receives Okay For $482M Lodge Sale In Ch. 11

Law360 (Could 28, 2021, 8:26 PM EDT) — A Delaware bankruptcy choose on Friday accepted Eagle Hospitality’s $481.9 million Chapter 11 sale of 14 of its motels, rejecting calls by a unsuccessful bidder for additional time to solidify a new very last-moment present.

Adhering to a virtual listening to, Choose Christopher Sontchi denied the requests of Constellation Hospitality Group and a team of Eagle’s equity holders to delay the sale to give Constellation far more time to secure funding for its newly submitted bid, expressing Constellation’s give would not be ready in the fast potential and did not appear to be a much better deal.

“If you want to disrupt a sale listening to at the last…

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