In Re Moody National SHS Houston H, LLC

MEMORANDUM OPINION

MARVIN ISGUR, Bankruptcy Judge.

Debtor Moody National SHS Houston H, LLC (“Moody’) proposes to cure the defaults on a promissory note secured by Moody’s only asset, a tenant-in-common interest in a Marriott Hotel located in Houston, Texas (“Hotel”). RLJ III — Finance Houston, LLC (“RLJ”) purchased the note after Moody was in default. RLJ’s affiliates are in the business of owning Marriott hotels. Accordingly, RLJ prefers to foreclose on the Hotel rather than to hold a cured and performing note. The parties dispute what is required to cure the note.

For the reasons set forth…