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Published on 3/12/2018 in the Prospect News Distressed Debt Daily.

Le Centre on Fourth seeks two-month exclusivity extension

New York, March 12 – Le Centre on Fourth, LLC asked for extensions to its exclusive periods to file a plan of reorganization and to solicit acceptances in a filing with the U.S. Bankruptcy Court for the Southern District of Florida.

The company is seeking to extend its plan-filing exclusivity by 60 days to May 10 from March 10 and its solicitation exclusivity to July 10.

Le Centre said it will use the additional time to continue discussions about terms of a plan of reorganization with stakeholders.

Plantation, Fla.-based Le Centre on Fourth is the holding company for the Embassy Suites hotel in Louisville, Ky. The company filed for bankruptcy on Nov. 10 under Chapter 11 case number 17-23632.


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