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IN RE PETERSBURG REGENCY LLC

Case No. 15-17169 VFP.

540 B.R. 508 (2015)

IN RE: PETERSBURG REGENCY LLC, Debtor.

United States Bankruptcy Court, D. New Jersey.

Signed November 2, 2015.

Attorney(s) appearing for the Case

Sokol Behot, LLP, David Edelberg, Esq. , 433 Hackensack Avenue, Hackensack, NJ 07601, Counsel for Debtor.

Eckert Seamans Cherin & Mellott LLC, Warren L. Soffian, Esq. , 50 South 16 Street, 22nd Floor, Philadelphia, PA 19102, Counsel for WCD Consultants.

Forman Holt Eliades & Youngman LLC, Daniel M. Eliades, Esq. , David S. Catuogno, Esq. , 80 Route 4 East, Ste. 290, Paramus, NJ 07652, Counsel for Ramada Worldwide Inc.

Accardi & Mirda, Anthony J. Accardi, Esq., 100 Eaglerock Avenue, Ste. 307, East Hanover, NJ 07936, Pro Se.

Steve M. Kalebic, Esq., 167 Main Street, Hackensack, NJ 07601, Pro Se.

Newman & Denburg, LLC, Gary S. Newman, Esq. , 22-01 Broadway, Fair Lawn, NJ 07410, Counsel for AH Realty Associates, LLC.

Drinker Biddle & Reath LLP, Robert K. Malone, Esq. , 600 Campus Drive, Florham Park, NJ 07932, Counsel for Selective Way Insurance Co.

Porzio Bromberg & Newman, Warren J. Martin, Esq. , Rachel A. Parisi, Esq. , 100 Southgate Parkway, P.O. Box 1997, Morristown, NJ 07962, Counsel for James Burt.

Joseph H. Neiman, Esq. 85 Main Street, Hackensack, NJ 07601, Counsel for William Spier.

Nathalie I. Johnson-Noon, Esq. , 401 East Jefferson Street, Ste. 204, Rockville, MD 20850, Counsel to ThyssenKrupp Elevator Corp.

Honorable Anthony J. Sciuto, Maggiano DiGirolamo & Lizzi PC, 201 Columbia Avenue, Fort Lee, NJ 07024, Pro Se.

Mitchell B. Hausman, Esq. , Office of the United States Trustee, One Newark Center, 1085 Raymond Boulevard, Ste. 2100, Newark, NJ 07102.

Eamonn O'Hagen, Esq. , Asst. United States Attorney, United States Attorney's Office, 970 Broad Street, Ste. 700, Newark, NJ 07102, Counsel to United States of America.

Perkins Coie LLP, Gary F. Eisenberg , 30 Rockefeller Plaza, 22nd Fl., New York, N.Y. 10112, Counsel for Ittleson Trust-2010-1.

Delbello Donnellan Weingarten , Wise & Wiederkehr, LLP, Jonathan S. Pasternak, Esq. , One North Lexington Avenue, White Plains, N.Y. 10601, Counsel for R. Oshinsky & Co.

Webber McGill LLC, Douglas J. McGill, Esq. , 760 Route 10, Ste. 104, Whippany, NJ 07981, Counsel for LeClairRyan.

Cole Schotz Meisel Forman & Leonard, PA, Kenneth L. Baum, Esq. , 25 Main Street-Court Plaza North, Hackensack, NJ 07601, Counsel for A.H. Realty Associates.

Spencer Shuford LLP, Mark C. Shuford, Esq. , 6806 Paragon Place, Ste. 200, Richmond, VA 23230, Counsel for City of Petersburg.

Mr. Frank Conner , Air Technology Inc., 31 Glenbourne Drive, Boonton, NJ 07005.

OPINION

I. INTRODUCTION

These matters come before the Court on multiple contested motions filed by certain creditors of Petersburg Regency, LLC, a Chapter 11 Debtor (the "Debtor"), and one by the Debtor. The Debtor is a nonoperating hotel formerly located in Virginia and...

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