Publications

Hotel Creditors Recoup 100%

September 9, 2024Turnarounds & Workouts

Stephen B. Selbst, partner and co-chair of Herrick's Restructuring & Finance Litigation Department, and Litigation partner Janice Goldberg wrote an article for Turnarounds & Workouts summarizing a recent successful outcome on behalf of Herrick's client, Wythe Berry Fee Owner. This matter initially began as a lease dispute and ended years later with the $177 million sale of the William Vale Hotel, resulting in a rare Chapter 11 case where all creditors were paid in full.

Please click here for a PDF copy of the article. A full-text copy of the newsletter is available here.