Rider Hotel, LLC

Judge John T. Dorsey dismissed Rider Hotel’s Chapter 11 case on September 19, 2024, after the debtor used a forbearance agreement with RSS GSMS2015-GC28-WI RH, LLC instead of emerging through a confirmed plan or completed sale. The June motion said the hotel could not afford to remain in bankruptcy, sought approval of the RSS forbearance, dismissal, and final fee procedures; the court entered an interim order on July 9 approving the forbearance and dismissal mechanics; and the final dismissal order preserved prior bankruptcy orders while terminating estate professional retentions and Stretto’s claims/noticing role source filing source filing source filing. For case followers, the restructuring arc ends as an out-of-court secured-lender workout, with unsecured creditors left to pursue claims outside bankruptcy.