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Keen-Summit Capital Partners LLC has been retained by Armaos Property Holdings, LLC and Olympic Hotel Corporation (“Debtor”) as the exclusive real estate advisor to run the sale process for the sale (the “Transaction”) of the Baymont Inn & Suites located at 360 Route 12, Groton, CT. The Debtor has filed a sale motion with the Bankruptcy Court seeking a Bid Deadline of April 23rd and Auction Date of April 30th. The proposed minimum bid is $4,800,000.
More information on DailyDAC here.
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Deadline to pre-qualify to bid is April 22nd.
See the full public notice here.
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Deadline to pre-qualify to bid is April 22nd.
More information on DailyDAC.
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You supply goods to a retailer and you suspect it may file bankruptcy or otherwise fail to pay you. What can you do? What should you do? What is adequate assurance, and how can you demand it? Can you stop delivery of goods in transit? Erin Brady and James Gross explain in “Steps a Supplier Can Take in the Face of a Potentially Bankrupt Retailer.”
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Companies look for independent directors with varied expertise and experience, but one thing they rarely look for (and hope never to need) in a candidate is restructuring and insolvency expertise. For this reason, when unwanted and unexpected financial distress occurs, many boards are ill-equipped to handle it. Join Jonathan Friedland (Partner, Sugar Felsenthal), Nicole Staple (Startup Growth Advisor, Co-Founder & Former CEO, Brideside), and Lawrence Taylor (Independent Board Member For-Hire) for frank and wide-ranging conversation about a subject you never want to deal with. More information and registration here. A webinar production of the Private Directors Association, sponsored by Bank of America, Merrill, EY, Foley & Lardner, Tucker Ellis, and Directors & Boards Magazine.
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The films at issue are The Annihilation of Fish and Dark Matter. Bid Deadline is April 27th.
More information on DailyDAC.
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Adaptive re-use and the general repurposing of commercial real estate assets to meet post COVID challenges will be a core focus for investors, owners and operators of commercial and residential real estate for the foreseeable future. This shift will require visionary thinking and strategic opportunistic capital investment. Join Professor Ron Shapiro (Rutgers Business School) in a conversation with Marcus Perry (Executive Director, Brighton Capital Advisors), John Lubwetazzi (Chairman, McCarter & English), Gregg Haft (Haft Real Estate Investments), and Partick Lesbirel (Brick City Construction). More information and registration here. A Financial Poise Productions™ Webinar.
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Latest Deals Added to the Opportunistic Deal Database
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The deals listed here were added to the ODD throughout the seven day period ending this past Sunday. The number in parentheses next to each deal is its unique ID number, included so you can easily find these deals on our website by searching for this number.
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Secured Party Sales
- Oil & gas lease - 63 tracts - 5,592.27 net acres - (28218)
- Membership interests - Real estate development - (28166)
- Oil & gas lease - 2,738.74 Net Mineral acres - (28217)
- Beverage producer - (28216)
- Smoke/Vape Shop - (28215)
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Private Company Sales
- Specialty ice cream manufacturing plant - (28237)
- Landscape construction business - (28238)
- Instant restaurant & brewery - (28240)
- Retail community center - (28239)
- Fuel Oil & HVAC Company - (28235)
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Assignment for the Benefit of Creditors Sales
- Mobile & telecommunication services company - (28196)
- Coffee & beverage dealer - (28197)
- Healthcare IT company - (28200)
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Chapter 11 - 363 Sales
- Commercial property - 4,889 sq. ft. - (28233)
- Vacant land - 20 acres - (28234)
- Fishing vessel - (28232)
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Chapter 11 - Investment Banker Application Filed
- Metals & mining services provider - (28210)
- Media group of companies - (28211)
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Chapter 11 - Case Filing Indicates Future Asset Sale
- No new deals add this week.
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Chapter 7 - Sale of Business Assets
- Electronics, machinery & equipment - (28230)
- Full-service marketing firm - (28231)
- Gift store inventory & tools - (28229)
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Chapter 12 Bankruptcy
- No new deals added this week.
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Rating Agency Alerts/Other Signs of Distress
- Developer, carbon fiber all-electric vehicle technology - (28181)
- Acquirer of small cell sites & towers - (28183)
- Global warming technology developer - (28182)
- 3D production & lighting plant - (28184)
- Industrial holding company - (28185)
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Auctions
- Construction & farming equipment - (28223)
- Industrial & salvage equipment - (28222)
- Industrial tools & furniture - (28221)
- Industrial parts & equipment - (28220)
- Concrete & asphalt equipment - (28219)
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Other Interesting Sales
- Agriculture machinery - Multiple lots - (28226)
- Antiques/collectibles - (28224)
- Farming equipment - (28227)
- Farm - 88 acres - (28228)
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Bulk Sales
- Commercial beverage license - (28205)
- Franchised ice cream shop - (28204)
- Restaurant (w/equipment) - (28207)
- Pharmacy retailer - (28208)
- Medical practice - (28209)
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Receiverships
- Four commercial lots - 1.023 acres - (28212)
- Agricultural land - 154.02 acres - (28167)
- Mixed-use commercial building - (28214)
- Two luxury vehicles - (28213)
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Mass/Significant Layoffs
- Construction & procurement management co. - (28191)
- Food & facilities management company - (28193)
- Branded automotive training center - (28194)
- Cast metals manufacturer - (28192)
- Chemical manufacturer - (28195)
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Plant/Facility Closings
- Electrical equipment & component manufacturer - (28190)
- Manufacturer of industrial instruments - (28186)
- Industrial supplies wholesaler - (28188)
- Commercial printing business - (28189)
- Full-service hospital - (28187)
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DailyDAC, LLC
1954 First Street, Suite 178
Highland Park, IL 60035
847-463-9530
[email protected]
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