United States Bankruptcy Court Southern District of New York
United States Bankruptcy Court Southern District of New York
United States Bankruptcy Court Southern District of New York
Lennon KIRKLAND & ELLIS LLP 601 Lexington Avenue New York, New York 10022-4611 Telephone: (212) 446-4800 Facsimile: (212) 446-4900 and Anup Sathy, P.C. KIRKLAND & ELLIS LLP 300 North LaSalle Chicago, Illinois 60654-3406 Telephone: (312) 862-2000 Facsimile: (312) 862-2200 Counsel to the Debtors and Debtors in Possession UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: INNKEEPERS USA TRUST, et al.,1 Debtors. ) ) ) ) ) ) ) Chapter 11 Case No. 10-13800 (SCC) Jointly Administered
NOTICE OF FILING SUPPLEMENT TO DEBTORS PLANS OF REORGANIZATION PURSUANT TO CHAPTER 11 OF THE BANKRUPTCY CODE1 PLEASE TAKE NOTICE that the documents attached hereto supplement the filed Debtors Plans of Reorganization Pursuant to Chapter 11 of the Bankruptcy Code [Docket
The list of Debtors in these Chapter 11 Cases along with the last four digits of each Debtors federal tax identification number can be found by visiting the Debtors restructuring website at www.omnimgt.com/innkeepers or by contacting Omni Management Group, LLC at Innkeepers USA Trust c/o Omni Management Group, LLC, 16161 Ventura Boulevard, Suite C, PMB 606, Encino, California 91436. The location of the Debtors corporate headquarters and the service address for their affiliates is: c/o Innkeepers USA, 340 Royal Poinciana Way, Suite 306, Palm Beach, Florida 33480.
K&E 19203949
No. 1445] (the Plan).2 The documents contained in the Plan Supplement are part of the Plan and integral to the implementation of the Plan (the Plan Supplement), and, if the Plan is approved, shall be approved in the order confirming the Plan. The Debtors reserve the right to alter, amend, modify or supplement any document in this Plan Supplement. Exhibit F - Management Incentive Plan Exhibit G - List of Causes of Action to be Retained by the Post-Effective Debtors PLEASE TAKE FURTHER NOTICE that the Plan Supplement may be viewed for free at the website of the Debtors Notice and Claims Agent, Omni Management Group, LLC (Omni) at http://www.omnimgt.com/innkeepers or for a fee on the Courts website at www.nysb.uscourt.gov. To access documents on the Bankruptcy Courts website, you will need a PACER password and login, which can be obtained at http://www.pacer/psc/uscourt.gov. To obtain hard copies of the Plan Supplement, please contact Omni at (866) 989-6147 or by email at Innkeepers@omnimgt.com. PLEASE TAKE FURTHER NOTICE that a hearing to consider confirmation of the Plan (the Confirmation Hearing) shall be held on June 23, 2011 at 10:00 a.m. prevailing Eastern Time before the Honorable Shelley C. Chapman, United States Bankruptcy Judge, in Room 610 of the United States bankruptcy Court for the Southern District of New York, One Bowling Green, New York, New York 10004. The Confirmation Hearing may be continued from time to time without further notice other than the announcement by the Debtors in open court of the adjourned date(s) at the Confirmation Hearing or any continued hearing.
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Plan.
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K&E 19203949
/s/ Brian S. Lennon James H.M. Sprayregen, P.C. Paul M. Basta Stephen E. Hessler Brian S. Lennon KIRKLAND & ELLIS LLP 601 Lexington Avenue New York, New York 10022-4611 Telephone: (212) 446-4800 Facsimile: (212) 446-4900 and Anup Sathy, P.C. KIRKLAND & ELLIS LLP 300 North LaSalle Chicago, Illinois 60654-3406 Telephone: (312) 862-2000 Facsimile: (312) 862-2200 Counsel to the Debtors and Debtors in Possession
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K&E 19203949
UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: INNKEEPERS USA TRUST, et al.,1 Debtors. ) ) ) ) ) ) ) Chapter 11 Case No. 10-13800 (SCC) Jointly Administered
The list of Debtors in these Chapter 11 Cases along with the last four digits of each Debtors federal tax identification number can be found by visiting the Debtors restructuring website at www.omnimgt.com/innkeepers or by contacting Omni Management Group, LLC at Innkeepers USA Trust c/o Omni Management Group, LLC, 16161 Ventura Boulevard, Suite C, PMB 606, Encino, California 91436. The location of the Debtors corporate headquarters and the service address for their affiliates is: c/o Innkeepers USA, 340 Royal Poinciana Way, Suite 306, Palm Beach, Florida 33480.
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MANAGEMENT INCENTIVE PLAN1 As incentive for the following employees efforts in consummating the Chatham Hotel Sale Transaction in a timely and efficient manner in accordance with the terms of the Chatham APA (and ancillary documents related thereto), the board of Innkeepers USA Trust has authorized the following payments on the successful closing of the Chatham Hotel Sale Transaction: Marc A. Beilinson, Chief Restructuring Officer - $250,000 Mark A. Murphy, General Counsel - $250,000
Any term used but not otherwise defined herein shall have the meaning ascribed to it in the Debtors Plan of Reorganization Pursuant to Chapter 11 of the Bankruptcy Code [Docket No. 1445] (the Plan).
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Exhibit G List of Causes of Action To Be Retained by the Post-Effective Date Debtors The attached document represents the most current list of Causes of Action to be retained by the Post-Effective Date Debtors after the Effective Date. The Debtors expressly reserve the right to alter, modify, amend, remove, augment, or supplement the following schedule at any time in accordance with the Plan. As set forth in Article IV.Z of the Plan, each of the Post-Effective Date Debtors shall retain and may enforce all rights to commence and pursue, as appropriate, any and all Causes of Action, whether arising before or after the Petition Date, including any Causes of Action specifically listed herein, and the Post-Effective Date Debtors rights to commence, prosecute, or settle such Causes of Action shall be preserved notwithstanding the occurrence of the Effective Date. The Post-Effective Date Debtors may pursue such Causes of Action, as appropriate, in accordance with the best interests of the Post-Effective Date Debtors. No Entity may rely on the absence of a specific reference in the Plan, the Plan Supplement, or the Disclosure Statement to any Cause of Action against them as any indication that the Debtors or the Post-Effective Date Debtors, as applicable, will not pursue any and all available Causes of Action against any Entity, except as otherwise expressly provided in the Plan. Except with respect to Causes of Action as to which the Debtors or the Post-Effective Date Debtors have released any Entity on or prior to the Effective Date (pursuant to any of the release provisions set forth in Article VIII or Article III.B with respect to Class FF5, or otherwise), the Debtors or the Post-Effective Date Debtors, as applicable, expressly reserve all rights to prosecute any and all Causes of Action against any Entity, except as otherwise expressly provided in the Plan. Unless any Causes of Action against an Entity are expressly waived, relinquished, exculpated, released, compromised, or settled in the Plan, or a Bankruptcy Court order, the Post-Effective Date Debtors expressly reserve all Causes of Action for later adjudication, and, therefore, no preclusion doctrine, including the doctrines of res judicata, collateral estoppel, issue preclusion, claim preclusion, estoppel (judicial, equitable or otherwise), or laches, shall apply to such Causes of Action upon, after, or as a consequence of the Confirmation or Consummation. In accordance with section 1123(b)(3) of the Bankruptcy Code, any Causes of Action that a Debtor may hold against any Entity shall vest in the Post-Effective Date Debtors, as applicable. The applicable Post-Effective Date Debtor, through its authorized agents or representatives, shall retain and may exclusively enforce any and all such Causes of Action. The Post-Effective Date Debtors shall have the exclusive right, authority, and discretion to determine and to initiate, file, prosecute, enforce, abandon, settle, compromise, release, withdraw, or litigate to judgment any such Causes of Action and to decline to do any of the foregoing without the consent or approval of any third party or further notice to or action, order, or approval of the Bankruptcy Court. The Post-Effective Date Debtors reserve and shall retain the scheduled Causes of Action notwithstanding the rejection or repudiation of any Executory Contract or Unexpired Lease during the Chapter 11 Cases or pursuant to the Plan. Notwithstanding anything to the contrary in the Plan or the Confirmation Order, including, without limitation, (a) Article VIII of the Plan, (b) Article III.B of the Plan (with respect to Class FF5), (c) the provision in Article IV.Z (Preservation of Rights of Action)
K&E 19161757.2
providing that the preservation of Causes of Action are subject to Article III.B (with respect to Class FF5), Article VIII.C, Article VIII.D, Article VIII.E, Article VIII.F, Article VIII.G, and Article VIII.H of the Plan, or (d) the references thereto in the Confirmation Order that would otherwise subject the preservation of such Causes of Action to a release under the Plan or the Confirmation Order, the Debtors and the Post-Effective Date Debtors preserve the right to commence and pursue, as appropriate, any and all Causes of Action on account of any purchase or sale by the Debtors or any inducement or attempt to induce any purchase or sale by the Debtors of auction rate securities and any underwriting, marketing, and sale thereof as well as any Causes of Action required to be pursued to enforce or collect on any judgment or respond to any defenses thereon including, without limitation, any chapter 5 action or other Cause of Action to avoid a release, contractual or otherwise, of such Causes of Action. Certain Categories of Retained Causes of Action: The categories and particular Causes of Action listed below and in the schedule attached hereto are indicative but are in no way exclusive of the Causes of Action retained by the Debtors. 1. Causes of Action in connection with litigation matters, including causes of action for attorneys fees, litigation costs, indemnities, restitution, cross-claims and counter claims related to existing or potential litigations. 2. Causes of Action against insurance carriers, reinsurance carriers, underwriters, or surety bond issuers relating to coverage, indemnity, contribution, reimbursement, or other matters; 3. Causes of Action against local, state, federal, and foreign taxing authorities for refunds of overpayments or other payments; 4. Causes of Action against vendors, suppliers of goods or services, or other parties for overpayments, back charges, duplicate payments, improper holdbacks, deposits, warranties, guarantees, indemnities, or setoff; 5. Causes of Action against utilities, vendors, suppliers of services or goods, or other parties for wrongful or improper termination, suspension of services or supply of goods, or failure to meet other contractual or regulatory obligations; and 6. Causes of Action against interest in Raleigh Joint Venture.
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LISTOFCAUSESOFACTIONTOBERETAINEDBYTHEPOSTEFFECTIVEDATEDEBTORS
INNKEEPERSUSATRUST
THIRDPARTY RESERVERIGHTSFORAPPROPRIATE COUNTERCLAIMS RESERVERIGHTSTOPURSUE APPROPRIATEVENDORREFUNDSAND REFUNDSOFDEPOSITS RESERVERIGHTSTOPURSUECLAIMS UNDERAGREEMENTSRELATEDTO RALEIGHJOINTVENTURE ACCESSPOINT ACEAMERICANINSURANCECOMPANY
ADDRESS
INNKEEPERSUSATRUST INNKEEPERSUSATRUST
INNKEEPERSUSATRUST INNKEEPERSUSATRUST
AONRISKSERVICESNORTHEAST,INC. ARCH
1100CRESCENTGREENSUITE109 CARY,NC27518 ATTN:CHIEFUNDERWRITING OFFICER ACEUSA PROFESSIONALRISK 140BROADWAY,41STFLOOR NEWYORK,NY10005 14WALLSTREET,SUITE8A19 NEWYORK,NY10005 43885SOUTHGRIMMERBLVD FREMONT,CA94538 CREDITPOLICYANDPAYMENT POBOX13447 ROANOKE,VA240343447 199WATERSTREET33RDFLOOR NEWYORK,NY10038 ONELIBERTYPLAZA,53RDFLOOR NEWYORK,NY10006 BANKRUPTCYDIVISION 5COLLINSDRSUITE2133 CARNEYSPOINTS,NJ08069 BANKRUPTCYDEPARTMENT POBOX650205 DALLAS,TX75265 TWOCONWAYPARK 150NORTHFIELDDRIVE,SUITE190 LAKEFOREST,IL60045 2655CRESCENTDRIVE SUITEA LAFAYETTE,CO80026 12MERCEDESDRIVE MONTVALE,NJ07645 NATIONALUNIONFIREINSURANCE COMPANYOFPITTSBURGH,PA. 175WATERSTREET NEWYORK,NY100384969 2020NMERIDIANST. INDIANAPOLIS,ID46202
5 2
2 5 5
2 2
INNKEEPERSUSATRUST
ATLANTICCITYELECTRIC
INNKEEPERSUSATRUST
ATMOSENERGY
INNKEEPERSUSATRUST
BANKDIRECTCAPITALFINANCE
BENJAMINWEST
BOROUGHOFMONTVALE,N.J. CHARTIS
3 2
INNKEEPERSUSATRUST
CITIZENSGAS
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LISTOFCAUSESOFACTIONTOBERETAINEDBYTHEPOSTEFFECTIVEDATEDEBTORS
DEBTOR GRANDPRIXATLANTICCITYLLC INNKEEPERSUSATRUST INNKEEPERSUSATRUST INNKEEPERSUSATRUST INNKEEPERSUSATRUST INNKEEPERSUSATRUST INNKEEPERSUSATRUST INNKEEPERSUSATRUST INNKEEPERSUSATRUST INNKEEPERSUSATRUST INNKEEPERSUSATRUST INNKEEPERSUSATRUST
THIRDPARTY CITYOFATLANTICCITY
GRANDPRIXHARRISBURGLLC
ADDRESS 1301BACHARACHBOULEVARD ATLANTICCITY,NJ08401 CITYOFBELLEVUE POBOX90011 BELLVUE,WA980099101 CITYOFFTLAUDERDALE 100NORTHANDREWS FT.LAUDERDALE,FL33301 CITYOFFTWAYNEUTILITIES 1EMAINST.ROOM270 FTWAYNE,ID46822 CITYOFGARDENGROVE 11222ACACIAPKWY GARDENGROVE,CA92840 CITYOFRICHMOND 900EBROADST,ROOM103 RICHMOND,VA23219 CL&P 56PROSPECTST HARTFORD,CT06103 COLUMBIAGASOFKENTUCKY 200CIVICCENTERDR COLUMBUS,OH43215 COMMERCEANDINDUSTRYINSURANCE 175WATERSTREET,18THFLOOR COMPANY NEWYORK,NY10038 CONSTELLATION 8107THAVESUITE400 NEWYORK,NY10019 COUNTYOFHENRICO POBOX90775 HENRICO,VA23273 CPSENERGY 145NAVARRO MAILDROP101013 SANANTONIO,TX78205 CRUM&FORSTERINSURANCE 60STATEST.,5THFL BOSTON,MA02109 DALLASCAD DALLASCOUNTYTAXASSESSOR COLLECTOR P.O.BOX139033 DAVIDCHILDS DALLAS,TX753139033 DAUPHINCOUNTYBOARDOF DAUPHINCOUNTYTAXCLAIM ASSESSMENTAPPEALS,DAUPHIN LUANNEGUSTINDEFRANK, COUNTY,CENTRALDAUPHINSCHOOL TREASURER 599EISENHOWERBLVD. DISTRICTANDSWATARATOWNSHIP POBOX3255 HARRISBURG,PA171053255 DOMINIONVIRGINIAPOWER POBOX26666 RICHMOND,VA23290 DTEENERGY 200SECONDAVE DETROIT,MI48226 EMPIREINDEMNITYINSURANCE 1400AMERICANLANE,SUITETOWER COMPANY 1 19THFLOOR SCHAUMBURG,IL601961056 FIDELITY&DEPOSITCO.OFMARYLAND 3910KESWICKRD. BALTIMORE,MD21211 FIREMAN'SFUNDINSURANCECOMPANY 777SANMARINDR. NOVATO,CA94998 FPL POBOX25426 MIAMI,FL33102
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5 5 2
2 2 5
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LISTOFCAUSESOFACTIONTOBERETAINEDBYTHEPOSTEFFECTIVEDATEDEBTORS
ADDRESS POBOX602 ELMER,NJ08318 INNKEEPERSUSATRUST GASSOUTH POBOX530552 ATLANTA,GA30353 INNKEEPERSUSATRUST GEORGIAPOWERCO 2500PATRICKHENRYPKWY MCDONALD,GA30253 INNKEEPERSUSATRUST GWINNETTCOMPANYPUBLICUTILITIES 75LANGLEYDR LAWRENCEVILLE,GA30046 GULFCOASTCLAIMSFACILITY KENNETHR.FEINBERG, KPA/GPFORTWALTONBEACH ADMINISTRATOR LLC;GRANDPRIXFLOATING LESSEELLC;GRANDPRIXNAPLES P.O.BOX9658 LLC;GRANDPRIXFIXEDLESSEELLC DUBLIN,OH430174958 INNKEEPERSUSATRUST ILLINOISNATIONALINSURANCE COMPANY JCP&L JOYCEENTERPRIZESOFAMERICADBA PRECISETRANSPORTATIONSVCS; PRECISEINTERIORSVCSINTL,INC:JOHN KRAMER;ROBERTJOYCE
DEBTOR INNKEEPERSUSATRUST
THIRDPARTY GARDENLEASINGINC
INNKEEPERSUSATRUST GRANDPRIXALTAMONTELLC; GRANDPRIXHARRISBURGLLC; GRANDPRIXISLANDIALLC; GRANDPRIXMT.LAURELLLC; GRANDPRIXRICHMONDLLC; GRANDPRIXRICHMOND (NORTHEST)LLC;GRANDPRIX WESTCHESTERLLC;GRANDPRIX WOBURNLLC;KPASANANTONIO LLC;KPATYSONSCORNERRILLC INNKEEPERSUSATRUST INNKEEPERSUSATRUST INNKEEPERSUSATRUST INNKEEPERSUSATRUST INNKEEPERSUSATRUST INNKEEPERSUSATRUST INNKEEPERSUSALIMITED PARTNERSHIP INNKEEPERSUSATRUST INNKEEPERSUSATRUST
INNKEEPERSUSATRUST INNKEEPERSUSATRUST
100SUMMERSTREET,STE2000 BOSTON,MA021102103 LEXINGTONINSURANCECOMPANY 100SUMMERSTREET BOSTON,MA021102103 NATIONALUNIONFIREINSURANCECO. 175WATERSTREET,18THFLOOR OFLOUISIANA NEWYORK,NY10038 NEWHAMPSHIREINSURANCE 175WATERSTREET,18THFLOOR COMPANY NEWYORK,NY10038 NEWYORKSTATEELEC&GASCORP 605VESTALPKWYW VESTAL,NY13850 NIPSCO 801E86AVE MARRYVILLE,ID46410 NLPFURNITUREINDUSTRIESINC. 1425CORPORATECENTERDRIVE SANDIEGO,CA92154 NSTARELECTRIC 1NSTARWAY WESTWOOD,MA02090 PECOENERGY POBOX8699 2301MARKETST PHILADELPHIA,PA19101 PEPCO 701NINETHSTNW WASHINGTON,DC20001 PG&E 1100SOUTHFRONTST MARQUETTE,MI49855
LANDMARKINSURANCECO.
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LISTOFCAUSESOFACTIONTOBERETAINEDBYTHEPOSTEFFECTIVEDATEDEBTORS
THIRDPARTY ADDRESS PRINCETONEXCESSANDSURPLUSLINES 555COLLEGEROADEAST INSURANCECO. PRINCETON,NJ08543 PROGRESSENERGYFLORIDAINC POBOX1551 RALEIGH,NC27602 PSE&GCO POBOX490 CRANFORD,NJ07016 QBESPECIALTY WALLSTREETPLAZA 88PINESTREET NEWYORK,NY10005 QUINNCOMPANY DEPT9665 LOSANGELES,CA900849665 QUOIZEL,INC 6CORPORATEPKWY. GOOSECREEK,SC29445 ROCKLANDELECTRICCO 390WRT.59 SPRINGVALLEY,NY10977 SANANTONIOWATERSYSTEM 288HWY281N SANANTONIO,TX78212 SCOTTSDALEINDEMNITY 8877NORTHGAINEYCENTERDRIVE SCOTTSDALE,AZ85258
4 4 5 5 2
POBOX129831 SANDIEGO,CA92112 19SADDLERD CEDARNOLLS,NJ07927 1SOUTHJERSEYPLAZA FOLSOM,NJ08037 POBOX6400 RANCHOCUCAMONGA,CA91729 175KINGSTREET ARMONK,NY10504 175WATERSTREET,18THFLOOR NEWYORK,NY10038 POBOX9010 ADDISON,TX75001 VIRGINIAE.ALLENTAXCOLLECTOR 40NASSAUAVE ISLIP,NY117513629 TAXCOLLECTORVESTALCSD 4481VESTALPARKWAYE VESTAL,NY138503556 50WOODLANDAVE MORRISTOWN,NJ079606075 181W.MADISONST.,STE3870 CHICAGO,IL60602 487MYATTDRIVE MADISON,TN37115 6801INDUSTRIALRD SPRINGFIELD,VA22151
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TOWNOFVESTAL,NY
3 2 1 5
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LISTOFCAUSESOFACTIONTOBERETAINEDBYTHEPOSTEFFECTIVEDATEDEBTORS
6/16/2011
DEBTOR INNKEEPERSUSATRUST
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