On December 18, 2020, Hollywood, FL-based 85 Flatbush RHO Mezz LLC and two subsidiaries, the owners of a twelve-story, mixed use property in Brooklyn, NY consisting of a 174 room boutique hotel on the first 6 floors (known as the Tillary Hotel Brooklyn) and 64-unit luxury residential component filed single-asset real estate petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case 20-23280). The company reports $50 to $100 million in both assets and liabilities. A link to 85 Flatbush RHO Mezz’s chapter 11 petition can be found here.
Cole Schotz does not represent the Debtors in these cases. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.
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