Habana Libre Hotel, LLC

In re: Habana Libre Hotel, LLC (Miami Beach), Bankruptcy Court, Southern District of Florida, Miami Division.

Appointed Trustee in Bankruptcy to sell an underperforming boutique hotel in Miami Beach. The challenges in maximizing recovery value in the near term, as requested by the lenders, include (i) lack of a flag affiliation; (ii) issues relating to the permissible number of rooms for the hotel’s operation and (iii) the current plight of the capital markets relating to hospitality properties (iv) under performance due to capital restrictions during the year prior to the bankruptcy.