The debtors, their principals and primary secured lenders for Gemini Real Estate Advisors in the pending Chapter 11 cases pending before the U.S. Bankruptcy Court in the Southern District of New York yesterday agreed to a plan that will move forward the sale of three Manhattan hotel properties - the Best Western Seaport, the Jade Greenwich Village, and Wyndham Garden Flatiron District hotels - located at 33 Peck Slip, 57 West 13th St., and 37 West 24th St., respectively. Negotiated agreements were finalized yesterday during a scheduled hearing before Bankruptcy Judge James L. Garrity to determine the procedures to be followed to create a level playing field for stalking horse auctions for the three properties.
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