In re Kinser Group LLC

BVLaw
Full Text of Court Cases
December 18, 2020
7011 Hotels and Motels
721110 Hotels (except Casino Hotels) and Motels
bankruptcy
expert testimony, fair market value (FMV), projections, valuation date, sales comparison, income capitalization, COVID-19, replacement value

In re Kinser Group LLC
2020 Bankr. LEXIS 3533
US
Federal Court
Arizona
United States Bankruptcy Court
Randall Clemson (debtor); Rajesh Shah (creditor)
Collins

Summary

In § 506(a) hotel valuations, bankruptcy court finds creditor’s experienced expert premised appraisals on “fundamentally flawed” base assumption that hotels would be sold on the valuation date, where debtor’s plan said debtor would retain and operate hotels; court said replacement value applied.
In re Kinser Group LLC
PDF, Size: 105 KB

See Also

Expert’s Failure to Review Debtor’s Reorganization Plan Results in ‘Defective’ Hotel Appraisals

In § 506(a) hotel valuations, bankruptcy court finds creditor’s experienced expert premised appraisals on “fundamentally flawed” base assumption that hotels would be sold on the valuation date, where debtor’s plan said debtor would retain and operate hotels; court said replacement value applied.