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Hotel Business in New york
Listing Information
Attachments
Hotel Business in New york
Price: $1,000,000.00
Other Item Info
Item #: nysbke_314682
Created: 12/30/2022
Category: Business Property > All Assets or Going Concerns > Travel & Leisure
Sale Date: Mon. Feb 6, 2023
Created: 12/30/2022
Category: Business Property > All Assets or Going Concerns > Travel & Leisure
Sale Date: Mon. Feb 6, 2023
Seller Info
John R Ashmead
Debtor's Attorney
One Battery Park Plaza
New York, NY 10006
212-574-1200
Debtor's Attorney
One Battery Park Plaza
New York, NY 10006
212-574-1200
Bankruptcy Info
Case #: 1:22-bk-11715
Case Title: Times Square JV LLC
Court: New York Southern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Times Square JV LLC
Court: New York Southern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of all assets of Times Square JV LLC which includes leasehold interests in the mixed-use real estate asset located at 1605 Broadway, New York, NY 10019 consisting of certain hotel space currently branded as the Crowne Plaza Times Square Manhattan Hotel (the “Hotel”), certain commercial office and certain retail space and all tangible and intangible property associated with the Sellers’ businesses, including any rights under executory contracts and unexpired leases.
Financial Overview
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Additional Details
- Sale hearing will be held at 9:30 A.M. (ET) on March 10, 2023
- Sale price: at least $1,000,000 (the “Wind Down Amount”) to fund a wind-down for the administration
- Minimum bid: no less than the value of the Baseline Bid’s Purchase Price of the Assets, plus 2% of the cash portion of the Baseline Bid’s Purchase Price of the Assets
- Bid increment: equal to 1% of the Minimum Initial Overbid
- Bid deposit: 10% of the cash portion of the Purchase Price
- Bid deadline: February 1, 2023
- Last date to respond: March 3, 2023