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IN RE MIAMI BEACH HOTEL INVESTORS LLC

No. 03-41340-BKC-AJC.

304 B.R. 532 (2004)

In re MIAMI BEACH HOTEL INVESTORS LLC, Debtor.

United States District Court, S.D. Florida, Miami-Dade Division.

January 22, 2004.

Attorney(s) appearing for the Case

Francis Carter, Ferrell, Schultz, Carter, Zumpano & Fertel, Miami, FL, for Miami Beach Hotel Investors LLC.

John B. Hutton, Greenberg Traurig, P.A., Miami, FL, for LR5A-JV Limited Partnership.

MEMORANDUM OPINION RE VALUE OF THE SOVEREIGN HOTEL

A. JAY CRISTOL, Bankruptcy Judge.

THIS MATTER came before the Court for evidentiary hearing on December 23, 2003, to determine the value of the Debtor's primary asset, the Sovereign Hotel. Adequate notice was given. The Court having received testimony from John Lancet, the Debtor's expert appraiser, Thomas O'Neill, the expert appraiser for LR5A-JV Limited Partnership (the "Secured Lender"), having...

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