Eagle Hospitality seeks 70-day extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Aug. 12 – Eagle Hospitality Real Estate Investment Trust unit EHT US1, Inc. is seeking another extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company asked the court to extend the plan filing period through Oct. 25 and the solicitation period through Dec. 27.

“To preserve the debtors’ substantial progress in these Chapter 11 cases, including the sale process, and to allow for further progress to be made with respect to plan negotiations and the claims reconciliation process, the debtors seek an extension of the bankruptcy code’s exclusive periods for filing and soliciting a Chapter 11 plan by 70 days,” the company said in its motion.

A hearing is scheduled for Sept. 30.

Singapore-based Eagle Hospitality owns a portfolio of corporate, leisure and airport hotels across the United States. U.S. affiliate EHT US1 filed Chapter 11 bankruptcy on Jan. 18, 2021 under case number 21-10036.

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