MSR Resort Golf Course LLC

  1. June 13, 2014

    MSR Resort Subsidiary Settles $59M Five Mile Dispute

    An MSR Resort Golf Course LLC subsidiary on Thursday announced a $337,000 settlement with alternative investment fund Five Mile Capital Partners LLC, which fought MSR throughout its bankruptcy in an effort to collect $58.7 million it claimed it was owed.

  2. March 01, 2013

    MSR Resort Judge Won't Stay Plan Confirmation

    A New York bankruptcy judge refused Thursday to grant alternative investment fund Five Mile Capital LP's bid for a limited stay of MSR Resort Golf Course LLC's Chapter 11 plan confirmation and $1.5 billion sale to a Singaporean wealth fund.

  3. February 25, 2013

    MSR Resort Ch. 11 Plan Approval Triggers Appeal

    An alternative investment fund that invested in MSR Resort Golf Course LLC said Monday that it will appeal a New York bankruptcy judge's approval of the resort owner's Chapter 11 plan and $1.5 billion asset sale.

  4. February 05, 2013

    MSR Resort Judge Keeps Everyone In Suspense

    A New York bankruptcy judge on Tuesday put off a ruling on MSR Resort Golf Course LLC's Chapter 11 reorganization plan, which includes a $1.5 billion asset sale, following a second day of lengthy testimony that included vigorous opposition from a private equity fund.

  5. February 04, 2013

    MSR Makes Final Push For $1.5B Sale As Critics Take Aim

    MSR Resort Golf Course LLC on Monday urged a New York bankruptcy judge to ignore protests from an alternative investment fund that claims its Chapter 11 plan is unconfirmable, hoping to remove one of the last remaining roadblocks to a $1.5 billion asset sale that will end its bankruptcy.

  6. January 10, 2013

    US Calls Foul On MSR Resort's Ch. 11 Plan

    The U.S. government on Wednesday objected to MSR Resort Golf Course LLC's Chapter 11 reorganization, saying the resort owner's planned financial restructuring and portfolio sale was an attempt to dodge responsibility for $331 million in taxable gains.

  7. December 13, 2012

    MSR Resort's Disclosure Statement Gets Green Light

    A New York bankruptcy judge signed off Thursday on MSR Resort Golf Course LLC's disclosure statement, clearing the resort owner to begin soliciting votes for its Chapter 11 plan following a recent agreement to sell off its five-resort portfolio for $1.5 billion.

  8. December 11, 2012

    MSR Ch. 11 Plan Incorporates $1.5B Sale To Sovereign Fund

    Following a recent $1.5 billion winning bid by a sovereign wealth fund for its five-resort portfolio, MSR Resort Golf Course LLC filed a new Chapter 11 plan and disclosure statement in New York bankruptcy court Tuesday, calling for general unsecured creditors to receive full recovery.

  9. December 06, 2012

    Sovereign Fund's Uncontested $1.5B Bid Lands It MSR Assets

    A Singapore sovereign wealth fund has emerged as the winning bidder for MSR Resort Golf Course LLC after no competing bidders came forward to best its $1.5 billion stalking horse bid for the company's five-resort portfolio, according to court documents filed in New York federal bankruptcy court Wednesday.

  10. December 05, 2012

    Judge Won't Find $1.5B Bid For MSR Was In Good Faith Yet

    Five Mile Capital Partners LLC's contention that a $1.5 billion bid for MSR Resort Golf Course LLC was anti-competitive fails, but the suitor still must prove its bid was in good faith, a New York bankruptcy judge said in a bench ruling released Wednesday.