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MSR Hotels eyes 120-day exclusivity extension to continue sale process
By Lisa Kerner
Charlotte, N.C., Oct. 8 - MSR Hotels & Resorts, Inc. requested a 120-day extension of its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of New York.
The company wants to extend its exclusive filing period through March 4 from Nov. 4 and the solicitation period through May 3 from Jan. 3.
MSR said it would use the extra time to continue its sale process and continue talks with stakeholders on the terms of a Chapter 11 plan.
A hearing is scheduled for Oct. 22.
Recently, the court extended the exclusive filing period through Nov. 4 from Oct. 5 and the solicitation period through Jan. 3 from Dec. 4.
MSR Hotels, a New York-based real estate investment trust, filed for bankruptcy on May 8. Its Chapter 11 case number is 13-11512.
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