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Hotel Business and Related Assets in Texas

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Listing Information

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Hotel Business and Related Assets in Texas



Price: $9,700,000.00


Other Item Info
Item #: txsbke_429785
Created: 07/29/2019
Category: Business Property > All Assets or Going Concerns > Travel & Leisure
Sale Location: Houston, Texas
Sale Date: Wed. Aug 28, 2019
Seller Info
Wayne Kitchens
Debtor's Attorney
333 Clay St 29 Fl
Houston, TX 77002
713-759-0818
Bankruptcy Info
Case #: 4:19-bk-30683
Case Title: Damodar, LLC
Court: Texas Southern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of substantially all of assets of the Damodar, LLC ("Seller") owns and operates a Staybridge Suites hotel located at 9901 United Drive, Houston, Texas 77036 (the “Hotel”). The sale assets including land, improvements, intangibles, and personal property, and more described as below:

  • Land: All ofthe land described in Exhibit "A from Page No. 29 on the attached PDF;
  • Improvements: Staybridsre Suites Houston W - Westehase Area located at 9901 United Drive, Houston, TX 77036;
  • Intangibles: Any and all of the following to the extent owned bv Seller and assignable that relate to or affect in any way. the design, construction, ownership, use. occupancy, leasing, maintenance, service, or operation of the Land. Improvement or Personal Property: (i) Warranties, guaranties, indemnities, and claims for the benefit of Seller (collectively the "Warranties"); (ii) Licenses, permits, utility reservations, certificates of occupancy, and similar documents issued by any federal, state, or municipal authority or by any private party so long as assignment can be made without material cost to Seller (collectively the "Licenses"); (iii) Trade names, trade styles, trademarks, sendee marks, domain names, websites, and other identifying material, and all variations thereof, together with all related goodwill (collectively, the "Trade names") (it being understood and agreed that the name of the hotel chain to which the Property is affiliated by franchise or other license agreement is a protected name or registered service mark of such hotel chain and cannot be transferred to Purchaser by this Agreement); (iv) Plans, drawings, specifications, surveys, soil reports, engineering reports, inspection reports. environmental audits and other technical descriptions and reports to the extent in Seller's possession or control and are deliverable without material cost to Seller (collectively, the "Plans and Specs");
  • Personal Property: Any and all of Seller's rights, titles and interests in equipment, furniture, fixtures, supplies and other items of tangible personal property situated on the Land and relating to the ownership or operation of the Property, including but not limited to all furniture, furnishings, fixtures, equipment, signs: all heating, lighting. plumbing, drainage, electrical, air conditioning, and other mechanical fixtures and equipment and systems: all elevators, escalators, and related motors and electrical equipment and systems; all hot water heaters, furnaces, heating controls, motors and boiler pressure systems and equipment, all shelving and partitions, all ventilating equipment, and all incinerating and disposal equipment: all pool and fitness equipment and furnishings; all vans, automobiles and other motor vehicles: all caipet, drapes, beds, furniture, televisions, telephones and other furnishings; and all stoves, ovens, freezers, refrigerators, dishwashers, disposals, kitchen equipment and utensils, tables and chairs.

Sale Location

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515 Rusk Avenue
Houston, TX, 77002

Additional Details

Sale Hearing in "Courtroom 403" @ 11:00 a.m.

Last date to respond: 21 days from the date of service
Date of Service: July 26, 2019



Other Information

Terms and Conditions:

See Attached.


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