From Las Vegas Review-Journal:
Creditor Wanted to Sell Casino Hotel
The owners of the bankrupt Hooters Hotel will have a chance to find a financial savior on their terms. At a Wednesday hearing, U.S. Bankruptcy Court Judge Bruce Markell approved hiring Innovation Capital LLC, based in El Segundo, Calif., to find investors willing to put tens of millions of dollars into the off-Strip property. In addition, the judge turned aside an unusual legal maneuver by an affiliate of Los Angeles-based Canyon Capital Realty Advisors, by far the largest creditor in the case, that would have cleared the path to take over the hotel. Click here for the full story.