225 Bowery secures another extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Aug. 30 – 225 Bowery LLC secured an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the court extended the exclusive plan filing period through Dec. 20 from Aug. 22 and the exclusive solicitation period through Feb. 20 from Oct. 23.

Since entry of the first extension order, the debtor said it has continued to make substantial progress in the administration of the Chapter 11 case and has taken concrete steps toward achieving an exit, including the exploration of a potential sale transaction and, at the same time, engaging in discussions with its key creditor constituencies regarding consensual treatment of claims and interests under a plan of reorganization.

The New York-based hotel property owner filed Chapter 11 bankruptcy on Jan. 24, 2023 under case number 23-10094.

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