MSR Resort Golf Course LLC

  1. November 20, 2012

    Fund Seeks To Stem $61M MSR Default Interest Payment

    An alternative investment fund with a claim against bankrupt MSR Resort Golf Course LLC on Monday urged a bankruptcy judge to reject a $61 million default interest payment, calling the payment a tool to block a rival bid for the resort operator.

  2. October 18, 2012

    MSR Creditor Seeks New Sale In Light Of Anti-Competition Pact

    A creditor of MSR Resort Golf Course LLC on Wednesday asked a New York bankruptcy judge to restart the sales process for MSR's property, saying Government of Singapore Investment Corp. failed to reveal an anti-competitive agreement with another company when it offered $1.5 billion for the property.

  3. September 25, 2012

    MSR Resort Gets OK For $1.5B Stalking Horse Deal

    A New York bankruptcy judge gave the go-ahead Monday night to bankrupt MSR Resort Golf Course LLC's $1.5 billion stalking horse agreement with affiliates of Government of Singapore Investment Corp., setting a Nov. 8 auction date for the resort owner's assets.

  4. September 10, 2012

    MSR Creditors Settle, Allow $1.5B Stalking Horse Auction

    In a last-minute huddle Monday before a motion hearing in a New York bankruptcy court, lenders for MSR Resort Golf Course LLC tentatively settled several of their disagreements over an auction linked to a $1.5 billion stalking horse bid for the hotel company.

  5. August 27, 2012

    Broke MSR Conditionally OK'd To Nix Hilton Deals For $124M

    A New York bankruptcy judge issued an order Monday conditionally allowing MSR Resort Golf Course LLC to reject property management agreements with a Hilton Worldwide Inc. unit and officially pegging damages associated with the rejection at about $123.8 million.

  6. August 20, 2012

    MSR Inks $1.5B Stalking Horse Deal With Singapore Fund

    MSR Resort Golf Course LLC asked a New York bankruptcy judge Friday for permission to enter into a stalking horse agreement with a group of Singapore sovereign wealth funds to set a purchase price floor for its assets at $1.5 billion.

  7. August 16, 2012

    MSR Judge Pegs Hilton Damages At $124M

    The New York bankruptcy judge overseeing MSR Resort Golf Course LLC's dispute with Hilton Worldwide Inc. over damages associated with the cancellation of property management contracts at three hotels on Thursday clarified an earlier order delineating the damages, putting the total at around $123.8 million.

  8. August 08, 2012

    MSR, Hilton Seek Clarity On Damages For Nixed Contracts

    Bankrupt MSR Resort Golf Course LLC and a unit of Hilton Worldwide Inc. filed letters Tuesday and Wednesday asking a New York judge to clarify how much MSR owes Hilton for canceled property management contracts, a dispute that has slowed MSR's emergence from bankruptcy.

  9. August 02, 2012

    Big Question Mark Remains In MSR's Long-Awaited Plan

    MSR Resort Golf Course LLC filed its Chapter 11 plan Wednesday, the filing deadline under its exclusivity period, though a looming question still remained as to what it would have to pay Hilton Worldwide Inc. to cancel three property management agreements.

  10. July 31, 2012

    $152M Knocked Off Potential Damages In MSR-Hilton Row

    A New York bankruptcy judge handed down a mixed ruling Tuesday in a dispute between bankrupt MSR Resort Golf Course LLC and a Hilton Worldwide Inc. unit over the cancellation of property management agreements, with Hilton losing at least $151.5 million in sought damages.