Auction company 

Ch. 11 auction buys $ 152 million for the Wardman Park hotel

Law360 (July 22, 2021, 6:39 p.m. EDT) – A Delaware bankruptcy judge on Thursday tentatively approved a $ 152.25 million sale of the more than 100-year-old Washington Marriott Wardman Park Hotel after an epic auction of the chapter 11 on the site.

Laura Davis Jones of Pachulski Stang Ziehl & Jones LLP, who led Tuesday’s auction, said the auction lasted 129 rounds and 12 and a half hours before a winner was declared, with a back-up bidder offering $ 152 million for the 1,152-room site in Northwest Washington.

U.S. bankruptcy judge John T. Dorsey has provisionally cleared the sale to Carmel Partners Realty VII, LLC, a subsidiary of the San Francisco-based real estate investment and asset management firm …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific articles and topics and more!


Source link

Related posts