Bankruptcy judge approves William Vale Hotel sale to EOS

May 31, 2024 – Herrick News
The Real Deal

Herrick partners Avery S. Mehlman, Steve Selbst and Janice Goldberg were featured in The Real Deal after a U.S. bankruptcy judge approved the $177 million sale of the William Vale Hotel complex in Brooklyn. This marks a major milestone for Herrick’s client in this longstanding real estate dispute.

The article notes that the hotel was the center of a dispute between its developers. After one of the developers declared bankruptcy, restructuring officers took over and put the hotel’s controlling entity into bankruptcy. Recently, a bankruptcy judge approved a settlement agreement between the developers. 

Read the full article in The Real Deal here. Access may require a subscription.