Home Foreclosure Miami Hotel Confirms Ch. 11 Plan with Mortgage Settlement

Miami Hotel Confirms Ch. 11 Plan with Mortgage Settlement

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By Vince Sullivan (January 12, 2022, 7:25 PM EST) – The owner of a downtown Miami hotel received court approval Wednesday in Florida for his Chapter 11 plan that resolves the ongoing dispute with his mortgage lender that led to its bankruptcy filing last year.

In an order issued by U.S. Bankruptcy Judge Robert A. Mark of the Southern District of Florida, the court said Mary Brickell Village Hotel LLC’s plan — which leaves all creditors intact — complies with relevant sections of the Code of bankruptcy and could be confirmed.

The plan includes a settlement with his mortgage lender DF VII REIT Holdings LLC to bring the debtor…

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