In Re AE Hotel Venture
United States Bankruptcy Court, N.D. Illinois
1Opinion of the Court
MEMORANDUM OPINION
A. BENJAMIN GOLDGAR, Bankruptcy Judge.
This chapter 11 case involving debtor AE Hotel Venture (“AE Hotel”) is before the court on the motion of GMAC Commercial Mortgage Corporation (“GMACCM”) to determine the value of its secured claim. 1
AE Hotel ran a suburban Chicago hotel which it acquired with a $7.6 million loan currently held by a securitization trust. AE Hotel eventually defaulted on the loan and was forced to seek relief under chapter 11 of the Bankruptcy Code. Shortly after the bankruptcy began, the hotel property was sold. Meanwhile, as special servicer for the…
2Cases cited35 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Till v. SCS Credit Corp.Supreme Court of the United States · 2004
- Continental Illinois Securities Litigation v. Continental Illinois CorporationCourt of Appeals for the Seventh Circuit · 1992
- In the Matter of Kenneth W. Smith, Debtor. Appeal of State of IndianaCourt of Appeals for the Seventh Circuit · 1988
- Saunders v. Michigan Avenue National BankAppellate Court of Illinois · 1996
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3Cited by22 opinions
- Prudential Insurance Company v. SW Boston Hotel Venture, LLCCourt of Appeals for the First Circuit · 2014
- In Re SW Hotel Venture, LLCUnited States Bankruptcy Court, D. Massachusetts · 2011
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- Hepner v. PWP Golden Eagle Tree, LLC (In Re K & J Properties Inc.)United States Bankruptcy Court, D. Colorado · 2005
- Delaware Trust Co. v. Energy Future Intermediate Holding Co. (In re Energy Future Holdings Corp.)United States Bankruptcy Court, D. Delaware · 2015
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