225 Bowery seeks another extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Aug. 14 – 225 Bowery LLC is seeking an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company asked the court to extend the exclusive plan filing period through Dec. 20 from Aug. 22 and the exclusive solicitation period through Feb. 20, 2024 from Oct. 23.

Since entry of the first extension order, the debtor said it has continued to make substantial progress in the administration of the Chapter 11 case and has taken concrete steps toward achieving an exit, including the exploration of a potential sale transaction and, at the same time, engaging in discussions with its key creditor constituencies regarding consensual treatment of claims and interests under a plan of reorganization.

A hearing is scheduled for Sept. 26.

The New York-based hotel property owner filed Chapter 11 bankruptcy on Jan. 24 under case number 23-10094.

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