Whitehouse Hotel
The firm acted as chapter 11 bankruptcy counsel to Whitehouse Hotel Limited Partnership, the indirect owner and developer of a hotel and retail complex located in New Orleans, Louisiana, consisting of a Ritz-Carlton Hotel, two adjacent boutique hotels, a Ritz Carlton Spa, and approximately 20,000 feet of retail space. The operation of the debtor’s hotels had been adversely affected by construction delays, cost overruns, and defective construction work, resulting in costly construction remediation and adverse claims with trade creditors including mechanics lien actions aggregating approximately $42 million. Through the chapter 11 process, settlements were reached with creditors and the firm confirmed a plan of reorganization that implemented an internal reorganization and debt restructuring, funded through a combination of partner capital investments, settlement contributions, distributions from operating subsidiaries, and proceeds of asset sales.
