August 22, 2017 11:13 AM ET

Hotels, Restaurants and Leisure

Company Overview of 52 West 13th P, LLC

Company Overview

52 West 13th P, LLC, doing business as The Jade Hotel Greenwich Village, operates a hotel. Its amenities include rooms, a bar, a fitness center, a lounge, and a restaurant; and public spaces and rooms accessible to guests with disabilities. The company was incorporated in 2008 and is based in New York, New York. As of January 4, 2016, 52 West 13th P, LLC operates as a subsidiary of Bridgeton Holdings LLC.

52 West 13th Street

New York, NY 10011

United States

Founded in 2008

Phone:

212-375-1300

Fax:

212-300-4445

Key Executives for 52 West 13th P, LLC

52 West 13th P, LLC does not have any Key Executives recorded.

52 West 13th P, LLC Key Developments

Notice of Selection of Successful Bidder Filed by 33 Peck Slip Acquisition LLC

33 Peck Slip Acquisition LLC filed a notice in the US Bankruptcy Court for the selection of successful bidder for the sale of its certain assets on December 9, 2015. As per the notice filed, Bridgeton Acquisitions, LLC emerged as the highest bidder for a purchase price of $78 million. The debtor’s assets include hotel property located at 52 West 13th St, New York. York. The debtor did not receive any competing bid for the assets and hence no Auction was held on December 1, 2015. Under the terms of the transaction, the debtor shall an advisory fee of $0.78 million to Robert Douglas. The transaction is expected to close 14 days following the entry of the confirmation order of the debtor’s liquidation plan.

Notice of Selection of Successful Bidder Filed by 33 Peck Slip Acquisition LLC

33 Peck Slip Acquisition LLC filed a notice in the US Bankruptcy Court for the selection of successful bidder for the sale of its certain assets on December 9, 2015. As per the notice filed, Howard Hughes Corporation emerged as the highest bidder for a purchase price of $38.3 million. The debtor’s assets include hotel property located at 33 Peck Slip, New York. Under the terms of the transaction, the debtor shall pay a break- up fee of $0.75 million to the stalking horse bidder and an advisory fee of $0.38 million to Robert Douglas. The transaction is expected to close 19 days following the entry of the confirmation order of the debtor’s liquidation plan. Debtor filed a notice of amendment to the purchase and sale agreement to extend closing date in the US Bankruptcy Court on January 26, 2016. As per the notice, on December 18, 2015, in accordance with the terms of the purchase and sale agreement the closing date has been extended from December 27, 2015 to January 26, 2016.

Joint Amended Liquidation Plan Approved for 33 Peck Slip Acquisition LLC

The US Bankruptcy Court approved the joint amended plan of liquidation of 33 Peck Slip Acquisition LLC on December 8, 2015. The debtor had filed its joint amended plan in the Court on December 3, 2015. As per the amended plan, statutory fees, administrative claims, priority tax claims and professional fee claims will be paid full in cash. Non-tax priority claims shall be paid in cash equal to the allowed amount of the claim. City of New York secured claim, UBS 33 Peck secured claims of $30.68 million, UBS 36 West secured claims of $19.14 million, Cornerstone 37 West secured claims of $33.59 million, Cornerstone 52 West secured claims of $50.77 million and other secured claims shall be paid full in cash. General unsecured claims shall be paid cash equal to the allowed amount of the claim. Insured claims and equity interest shall be reinstated. Intercompany claims shall be either reinstated or release, waived and discharged or contributed to or dividend to the capital of the obligor. The plan will be funded through the sale of assets.

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Recent Private Companies Transactions

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