Holiday Inn Express D.C. gets further approval of cash collateral use

By Sarah Lizee

Olympia, Wash., April 4 – Birchington, LLC, doing business as Holiday Inn Express Washington D.C. Downtown, received further interim authorization to use cash collateral, according to an interim order filed Monday with the U.S. Bankruptcy Court for the District of Columbia.

Secured creditor Sschof II Washington DC, LLC has an interest in the collateral.

The company is indebted to Sschof under a real estate note with about $63.68 million outstanding, plus attorney fees and expenses, the creditor says.

Sschof says the obligations are secured by liens and security interests encumbering all assets of the debtor.

The Washington, D.C.-based hotel owner filed bankruptcy on Feb. 20 under Chapter 11 case number 23-00057.

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