The Deal Reports on Madison 92nd Street Bankruptcy

The Deal Pipeline reported that Madison 92nd Street Associates LLC is ready to exit bankruptcy after a complex case that included the sale of its New York hotel, known as the Upper East Side Courtyard by Marriott hotel. The sale of hotel to RLJ Lodging Acquisitions LLC for $82 million was approved by Bankruptcy court and is scheduled to close June 1st. Adam Friedman, Eric Goldberg, Thomas Kearns and Fredrick Levy represented the debtor in the sale.