- Acumen Powered by Robins Kaplan LLP®
- Affirmative Recovery
- American Indian Law and Policy
- Antitrust and Trade Regulation
- Appellate Advocacy and Guidance
- Business Litigation
- Civil Rights and Police Misconduct
- Class Action Litigation
- Commercial/Project Finance and Real Estate
- Corporate Governance and Special Situations
- Corporate Restructuring and Bankruptcy
- Domestic and International Arbitration
- Entertainment and Media Litigation
- Health Care Litigation
- Insurance and Catastrophic Loss
- Intellectual Property and Technology Litigation
- Mass Tort Attorneys
- Medical Malpractice Attorneys
- Personal Injury Attorneys
- Telecommunications Litigation and Arbitration
- Wealth Planning, Administration, and Fiduciary Disputes
Acumen Powered by Robins Kaplan LLP®
Ediscovery, Applied Science and Economics, and Litigation Support Solutions
-
December 5, 2024Jake Holdreith Named to Twin Cities Business Top 100
-
December 4, 2024Robins Kaplan Obtains $10.5 Million Post-Verdict in Landmark Aerosol Dust Remover Abuse Case
-
December 2, 2024Robins Kaplan LLP Announces 2025 Partners
-
December 11, 20242024 Year in Review: eDiscovery and Artificial Intelligence
-
December 12, 2024Strategies for Licensing AI: A Litigation Perspective
-
December 2024A Landmark Victory for Disabled Homeless Veterans: Q&A with the Trial Team
-
November 8, 2024Trademark tensions on the track: Court upholds First Amendment protections in Haas v. Steiner
-
November 8, 2024Destination Skiing And The DOJ's Mountain Merger Challenge
-
September 16, 2022Uber Company Systems Compromised by Widespread Cyber Hack
-
September 15, 2022US Averts Rail Workers Strike With Last-Minute Tentative Deal
-
September 14, 2022Hotter-Than-Expected August Inflation Prompts Massive Wall Street Selloff
Find additional firm contact information for press inquiries.
Find resources to help navigate legal and business complexities.
Robins Kaplan LLP Named Debtor’s Restructuring Counsel in Sale of Four New York Hotel Sites
September 17, 2015
NEW YORK, September 17, 2015—Robins Kaplan LLP announced today that it has been engaged as Chapter 11 restructuring counsel for four high-value hotel properties in Manhattan that are affiliated with Gemini Real Estate Advisors.
The Chapter 11 cases were filed on Sept. 4 as a result of litigation among the three Gemini principals. Documents were filed on Sept. 8 seeking the sale of the prime properties through a court-supervised auction as part of a Chapter 11 plan, while litigation among its principals plays out. The properties include the Jade Hotel in Greenwich Village, the Best Western Seaport Inn at 33 Peck Slip, the Wyndham Garden Hotel at 37 West 24th St., and a development site at 36 West 38th St.
The stalking horse initial offers for the properties total $200 million, subject to potential higher bids at auction. Proceeds are slated to repay creditors, who are owed about $135 million. A hearing is scheduled for Oct. 7, when a judge will consider a sale timeline and proposed bidding procedures. If approved, competing bids will be due Nov. 5, with an auction to take place on Nov. 10.
“Our goal in this process is to protect creditors and investors by attempting to achieve a transparent process by which we can repay all creditors in full and maximize returns to investors,” said Howard Weg, co- lead counsel to the debtors and chair of the Restructuring & Business Bankruptcy practice at Robins Kaplan. “The auction process is the most prudent approach.”
Robins Kaplan partner Scott Gautier serves as co-lead counsel to the debtors. Additional Robins Kaplan attorneys involved in the proceedings include bankruptcy and restructuring associate Lorie Ball; litigation partners David Martinez and Craig Weiner; and real estate partner Mark LaConte.
Robins Kaplan’s restructuring group is a national leader in representing debtors and creditors’ committees, as well as other constituents, including investors, lenders and indenture trustees, in corporate restructuring and business bankruptcy cases. The firm currently represents the official committee of student creditors in the Chapter 11 bankruptcy of Corinthian Colleges, Inc., one of the nation’s largest for-profit education companies. In July, the firm was named counsel to the Official Committee of Unsecured Creditors in the bankruptcy case commenced by Local Corp. in the Central District of California.
Related Professionals
David Martinez
Partner
Member of the Executive Board;
Member of the Firm's Diversity Committee;
Pro Bono Chair, Los Angeles Office
Related News
If you are interested in having us represent you, you should call us so we can determine whether the matter is one for which we are willing or able to accept professional responsibility. We will not make this determination by e-mail communication. The telephone numbers and addresses for our offices are listed on this page. We reserve the right to decline any representation. We may be required to decline representation if it would create a conflict of interest with our other clients.
By accepting these terms, you are confirming that you have read and understood this important notice.