Travelers Life & Annuity Co. v. Ritz-Carlton of D.C., Inc. (In Re Ritz-Carlton of D.C., Inc.)
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM AND ORDER
WALKER, District Judge:
Before the Court are two issues on appeal from the United States Bankruptcy Court for the Southern District of New York. The issues arise out of protracted and involved Chapter 11 proceedings involving Ritz-Carlton of D.C., Inc. (RCDC), its owner Coleman, and two other small corporations owned by Coleman. Travelers Life and Annuity Company (Travelers) made loans totaling over $40 million principal amount to RCDC — all secured by RCDC’s one material asset, the Ritz-Carlton of Washington (the Hotel). The Hotel is also security for a further $8.8…
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