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IN RE ASHFORD HOTELS, LTD.

No. 99 Civ. 519(RMB).

235 B.R. 734 (1999)

In re ASHFORD HOTELS, LTD., a/k/a AH Ltd., Debtor.

United States District Court, S.D. New York.

July 2, 1999.

Attorney(s) appearing for the Case

Lawrence P. Gottesman, Gordon Altman Butowsky Weitzen Shalov & Wein, New York City, for Jay F. Higgins and Charles Daniel Tyree.

Roger J. Hawke, Brown & Wood, L.L.P., New York City, for Allied Trust Banks.

Donald L Kuba, Warshaw, Burstein, Cohen, Schleisinger & Kuh, L.L.P., New York City, for Roy Babitt.

Denis J. Drebsky, Rogers & Wells, L.L.P., New York City, for Ashford Hotels, Inc.

Mary Elizabeth Tom, Office of U.S. Trustee, New York City, for U.S. Trustee.

DECISION AND ORDER

BERMAN, District Judge.

INTRODUCTION

This is an appeal from an order of the Honorable Jeffry H. Gallet, United States Bankruptcy Judge, Southern District of New York, entered on November 9, 1998 ("Bankruptcy Court Order"). The issues before this Court are: (i) whether Jay F. Higgins and Charles Daniel Tyree ("Appellants") have standing to appeal from the Bankruptcy Court's...

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