Tag Archives: BytheHour

Is a By-the-Hour Motel a Single Asset Real Estate for Chapter 11 Purposes? | Pillsbury – Gravel2Gavel Construction & Real Estate Law

Single asset real estate (SARE) is a unique classification under the Bankruptcy Code with implications for both debtors and lenders. SARE classification is apparent for a property such as a shopping center, apartment complex or office building where the debtor’s income is generated exclusively from real estate operations, but is less apparent for a hospitality… Read More »