Fairmont San Jose to Seek Votes on Plan for Hilton Takeover

The bankrupt owner of the Fairmont San Jose got court approval to seek votes on a Chapter 11 reorganization plan that would inject $45 million into the luxury Silicon Valley hotel and hand over its management to Hilton’s Signia unit.

The revised disclosure statement, which names the proposed new manager as Hilton’s Signia Hotel Management LLC, now provides “sufficient information” for creditors to vote on the plan, Judge John T. Dorsey said at a hearing Tuesday in the U.S. Bankruptcy Court for the District of Delaware.

The judge last month agreed with creditors that the hotel needed to provide ...