Fontainebleau requests exclusivity extension to negotiate purchase

By Alice Popovici

New York, Oct. 8 - Fontainebleau Las Vegas Holdings LLC requested a 30-day extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the Southern District of Florida.

The company wants to extend its exclusive plan-filing period to Nov. 6 from Oct. 7 and the solicitation period to Jan. 6 from Dec. 7.

The company said it is completing development of the casino hotel resort Fontainebleau Las Vegas, as well as negotiating terms of debtor-in-possession financing and a stalking horse bid for purchase of the property.

"The extension sought by the [company] by this motion is short and is intended to allow these discussions to continue without unwarranted distraction," the motion stated.

Fontainebleau, a Las Vegas-based casino-resort developer, filed for bankruptcy on June 9. The company's Chapter 11 case number is 09-21481.

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