The owner of Washington’s Wardman Park Hotel received court approval to solicit votes for its liquidation plan, a day after agreeing to pay $18 million to Marriott Hotel Services Inc. to resolve a dispute over the property’s management.
Wardman Hotel Owner LLC, whose disclosure materials were approved at a hearing Wednesday, is proposing to pay creditors more than $150 million in proceeds generated by selling the property to developer Carmel Partners Inc.
A day earlier, the company and lender Pacific Life Insurance Co. reached an $18 million settlement with Marriott Hotel Services Inc. to resolve claims that Wardman failed ...
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