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IN RE MOODY NAT. SHS HOUSTON H, LLC

No. 10-30172.

426 B.R. 667 (2010)

In re MOODY NATIONAL SHS HOUSTON H, LLC, Debtor.

United States Bankruptcy Court, S.D. Texas, Houston Division.

March 24, 2010.

Attorney(s) appearing for the Case

Henry J. Kaim, King & Spalding LLP, Houston, TX, for Debtor(s).

MEMORANDUM OPINION

MARVIN ISGUR, Bankruptcy Judge.

Debtor Moody National SHS Houston H, LLC ("Moody") proposes to cure the defaults on a promissory note secured by Moody's only asset, a tenant-in-common interest in a Marriott Hotel located in Houston, Texas ("Hotel"). RLJ III—Finance Houston, LLC ("RLJ") purchased the note after Moody was in default. RLJ's affiliates are in the business of owning Marriott...

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