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IN RE NITE LITE INNS

Bankruptcy No. 79-03350-K.

17 B.R. 367 (1982)

In re NITE LITE INNS, a California corporation, Debtor. In re GROSVENOR SQUARE RESTAURANT, a joint venture, consisting of Grosvenor & Grosvenor, a partnership, and B & R Food Service, Inc., a California corporation, Debtor. In re J. Mark GROSVENOR, Debtor. In re Judson R. GROSVENOR & Rachel J. Grosvenor, Joint Debtors.

United States Bankruptcy Court, S.D. California.

February 4, 1982.

Attorney(s) appearing for the Case

Colin W. Wied and James P. Hill, San Diego, Cal., for debtors.

Louise D. Malugen, San Diego, Cal., for C. Hugh Friedman, trustee.

David L. Buchbinder, San Diego, Cal., for Official Creditors' Committee.

Keith E. McWilliams and Michael Y. Mackinnon, San Diego, Cal., for Burke Investors.

Robert G. Sullivan, San Diego, Cal., for Vernon E. Taylor.

Robert L. Rentto, San Diego, Cal., for Creditors Fleet, Ratty and Rudolph.

Michael T. Andrew and Nathan Jones, San Diego, Cal., for Security Pacific National Bank.

James T. Waring, San Diego, Cal., for Tajico Vista, Inc.

MEMORANDUM OF OPINION RE: CONFIRMATION OF PLAN OF REORGANIZATION UNDER CHAPTER 11 OF THE CODE

HERBERT KATZ, Bankruptcy Judge.

Nite Lite Inns, a California corporation, filed for relief under Chapter 11 of the Code on December 7, 1979. The major assets of Nite Lite Inns were three hotels located in Ontario, San Diego and National City. The San Diego hotel consists of 156 rooms, 2 banquet rooms and a 14-unit recreational vehicle park. Cost overruns arising out...

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