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Full title: Declaration in Support -- The Committee's Statement in Support of the Debtors' First Motion, Pursuant to Bankruptcy Code Section 1121(d), for an Order Extending Periods to File a Chapter 11 Plan and Solicit Acceptance Thereof (related document(s)706) Filed by Official Committee of Unsecured Creditors. (Attachments: # 1 Certificate of Service) (Monzo, Eric) (Entered: 06/02/2021)

Document posted on Jun 1, 2021 in the bankruptcy, 3 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

In support of this Statement, the Committee respectfully represents as follows: 1 The Debtors in these chapter 11 cases, along with the last four digits of each debtor’s tax identification number, as applicable, are as follows: EHT US1, Inc. (6703); 5151 Wiley Post Way, Salt Lake City, LLC (1455); ASAP Cayman Atlanta Hotel LLC (2088); ASAP Cayman Denver Tech LLC (7531);ASAP Cayman Salt Lake City Hotel LLC (7546); ASAP Salt Lake City Hotel, LLC (7146); Atlanta Hotel Holdings, LLC (6450); CI Hospitality Investment, LLC (7641); Eagle Hospitality Real Estate Investment Trust (7734); Eagle Hospitality Trust S1 Pte.UCCONT1, LLC (0463); UCF 1, LLC (6406); UCRDH, LLC (2279); UCHIDH, LLC (6497); Urban Commons 4th Street A, LLC (1768); Urban Commons Anaheim HI, LLC (3292); Urban Commons Bayshore A, LLC (2422); Urban Commons Cordova A, LLC (4152); Urban Commons Danbury A, LLC (4388); Urban Commons Highway 111 A, LLC (4497); Urban Commons Queensway, LLC (6882); Urban Commons Riverside Blvd., A, LLC (4661); and USHIL Holdco Member, LLC (4796).Since the Petition Date approximately four months ago, the Committee has worked constructively with the Debtors and other stakeholders, including the Agent for the prepetition lenders, on numerous matters affecting these estates and general unsecured creditors, including the marketing and auction of the Debtors’ hotel assets.Nonetheless, there is still more work to be done in these cases before a meaningful Chapter 11 plan can be filed, including negotiations around the multitude of issues that the Committee expects will be relevant for the fair and equitable treatment of all unsecured creditors who have provided goods, services or, in the case of the prepetition lenders, loaned money, to or for the benefit of the Debtors.

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IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: Chapter 11 EHT US1, INC., et al., 1 Case No. 21-10036 (CSS) Debtors. (Jointly Administered) Re: Docket No. 706 Hearing Date: June 8, 2021 at 10:00 a.m. (ET) THE COMMITTEE’S STATEMENT IN SUPPORT OF THE DEBTORS’ FIRST MOTION, PURSUANT TO BANKRUPTCY CODE SECTION 1121(d), FOR AN ORDER EXTENDING PERIODS TO FILE A CHAPTER 11 PLAN AND SOLICIT ACCEPTANCES THEREOF [DKT. NO. 706] The Official Committee of Unsecured Creditors (the “Committee”) of the debtors and debtors-in-possession (collectively, the “Debtors” or the “Company”) in the above-captioned chapter 11 cases (the “Chapter 11 Cases”) hereby submits the following statement in support (this “Statement”) to the of Debtors’ First Motion, Pursuant to Bankruptcy Code Section 1121(d), for Order Extending Periods to File a Chapter 11 Plan and Solicit Acceptances Thereof [Dkt. No. 706] (the “Motion”).2 In support of this Statement, the Committee respectfully represents as follows: 1 The Debtors in these chapter 11 cases, along with the last four digits of each debtor’s tax identification number, as applicable, are as follows: EHT US1, Inc. (6703); 5151 Wiley Post Way, Salt Lake City, LLC (1455); ASAP Cayman Atlanta Hotel LLC (2088); ASAP Cayman Denver Tech LLC (7531); ASAP Cayman Salt Lake City Hotel LLC (7546); ASAP Salt Lake City Hotel, LLC (7146); Atlanta Hotel Holdings, LLC (6450); CI Hospitality Investment, LLC (7641); Eagle Hospitality Real Estate Investment Trust (7734); Eagle Hospitality Trust S1 Pte. Ltd. (7669); Eagle Hospitality Trust S2 Pte. Ltd. (7657); EHT Cayman Corp. Ltd. (7656); Sky Harbor Atlanta Northeast, LLC (6450); Sky Harbor Denver Holdco, LLC (6650); Sky Harbor Denver Tech Center, LLC (8303); UCCONT1, LLC (0463); UCF 1, LLC (6406); UCRDH, LLC (2279); UCHIDH, LLC (6497); Urban Commons 4th Street A, LLC (1768); Urban Commons Anaheim HI, LLC (3292); Urban Commons Bayshore A, LLC (2422); Urban Commons Cordova A, LLC (4152); Urban Commons Danbury A, LLC (4388); Urban Commons Highway 111 A, LLC (4497); Urban Commons Queensway, LLC (6882); Urban Commons Riverside Blvd., A, LLC (4661); and USHIL Holdco Member, LLC (4796). The Debtors’ mailing address is 3 Times Square, 9th Floor New York, NY 10036 c/o Alan Tantleff (solely for purposes of notices and communications). 2 Capitalized terms used and not defined herein shall have the meaning ascribed to them in the Motion.

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STATEMENT 1. Since the Petition Date approximately four months ago, the Committee has worked constructively with the Debtors and other stakeholders, including the Agent for the prepetition lenders, on numerous matters affecting these estates and general unsecured creditors, including the marketing and auction of the Debtors’ hotel assets. To date, the primary focus – in addition to an orderly commencement of these cases – has been maximizing the value of the Debtors’ assets for the benefit of all unsecured creditors. With the recently concluded auction and upcoming multiple sale closings, the Committee expects that this important phase of the cases will soon be finished. 2. Nonetheless, there is still more work to be done in these cases before a meaningful Chapter 11 plan can be filed, including negotiations around the multitude of issues that the Committee expects will be relevant for the fair and equitable treatment of all unsecured creditors who have provided goods, services or, in the case of the prepetition lenders, loaned money, to or for the benefit of the Debtors. 3. In this regard, the Committee is in the midst of investigating certain estate claims and other matters in accordance with its fiduciary duties. The Committee has been working cooperatively with the Debtors on obtaining various documents and other information. In addition to reviewing the documents produced as part of the pending Bankruptcy Rule 2004 discovery initiated by the Debtors, the Committee anticipates that it will soon seek supplemental discovery from third parties to aid in its investigation. As the sale process is not yet complete, the bar date has not yet passed, and the Committee’s investigation remains ongoing, the Committee supports the Debtors’ requested extensions of the Exclusivity Periods.3 3 The Committee is working with the Debtors and the Agent for the prepetition lenders on a go-forward budget for the cases once the DIP Loan is terminated as part of the consummation of the pending sales, which budget should also continue in place certain previously agreed upon reporting and other protections in favor of the Committee.

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4. The requested extension of the Exclusivity Periods will permit the Debtors to,among other things, continue working with the Committee and other key stakeholders, such as the Agent for the prepetition lenders, on a (hopefully) consensual chapter 11 plan. As represented by the Debtors in the Motion, the Debtors will work in good faith with the Committee to resolve various issues in an effort to maximize recovery to the Debtors’ unsecured creditors. Thus, under the circumstances, the requested three-month extension of exclusivity should be a reasonable period to allow the parties to make significant progress on the issues that need to be addressed as part of the chapter 11 plan formulation process. 5. The Committee respectfully requests that the Court grant the Motion. Dated: June 2, 2021 MORRIS JAMES LLP /s/ Eric J. Monzo Eric J. Monzo (DE Bar No. 5214) Brya M. Keilson (DE Bar No. 4643) 500 Delaware Avenue, Suite 1500 Wilmington, DE 19801 Telephone: (302) 888-6800 Facsimile: (302) 571-1750 E-mail: emonzo@morrisjames.com E-mail: bkeilson@morrisjames.com -and- KRAMER LEVIN NAFTALIS & FRANKEL LLP Adam C. Rogoff (admitted pro hac vice) Daniel M. Eggermann (admitted pro hac vice) Robert T. Schmidt (admitted pro hac vice) Douglas Buckley (admitted pro hac vice) 1177 Avenue of the Americas New York, New York 10036 Telephone: (212) 715-9100 Facsimile: (212) 715-8000 arogoff@kramerlevin.com deggermann@kramerlevin.com rschmidt@kramerlevin.com dbuckley@kramerlevin.com Counsel to the Official

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