Morris Nichols Bankruptcy Alert - AD1 Urban Palm Bay, LLC and Certain of Its Affiliates File Chapter 11 Bankruptcy Cases in Delaware

Bankruptcy Petition Alert

On January 22, 2023, AD1 Urban Palm Bay, LLC and certain of its affiliates filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. As a courtesy to our clients and friends, the Morris Nichols Business Reorganization & Restructuring Group has summarized information related to the filings below.

Lead Case No. – 23-10074-KBO
Debtors – AD1 Urban Palm Bay, LLC; AD1 Urban Palm Bay Place, LLC; AD1 Urban Strategy Palm Bay, LLC; AD1 LBV1, LLC; AD1 LBV Hotels, LLC; AD1 SW Property Holdings, LLC; AD1 Urban SW, LLC; AD1 Palm Beach Airport Hotels, LLC; AD1 PB Airport Hotels, LLC; AD1 Celebration Holdings, LLC; AD1 Celebration Hotels, LLC; AD1 Daytona Holdings, LLC; AD1 Daytona Hotels, LLC

Description of Debtors – A Florida-based hotel management company

Website of Debtors (URL) – Not available

Assigned Judge – The Honorable Karen B. Owens
Proposed Counsel – The Debtors' proposed bankruptcy counsel is Faegre Drinker Biddle & Reath LLP.

Plan Status – No plan filed with petitions

First Day Hearing – A first day hearing has not yet been scheduled.

Bankruptcy Documents  –

Please do not hesitate to contact any member of the Morris Nichols Bankruptcy & Restructuring Group if we can be of assistance.

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