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MATTER OF MACON UPLANDS VENTURE

Civ. A. No. 79-200-MAC.

7 B.R. 293 (1980)

In the Matter of MACON UPLANDS VENTURE, A Limited Partnership, Debtor.

United States District Court, M.D. Georgia, Macon Division.

October 10, 1980.

Attorney(s) appearing for the Case

Charles M. Tatelbaum, Stephen F. Fruin, Schimmel & Tatelbaum, P.A., Baltimore, Md., Albert P. Reichert, Anderson, Walker & Reichert, William G. Boyd, Macon, Ga., for Macon Uplands Venture.

William M. Flatau, Brown, Katz, Flatau & Hasty, Macon, Ga., for Greater Macon Developments, Inc.

Carol V. Clark, Lowell Hughen, Hansell, Post, Brandon & Dorsey, Atlanta, Ga., Cubbedge Snow, Jr., Martin, Snow, Grant & Napier, Macon, Ga., for Metropolitan Life Ins. Co.

Timothy Adams, Jones, Cork, Miller & Benton, Macon, Ga., for First Nat. Bank & Trust Co.

OWENS, Chief Judge:

The Macon Hilton Hotel is a sixteen story, 302 guest room facility, located in downtown Macon, Georgia. From its opening in December 1970, until its sale to New Uplands, Inc. in September 1972, the hotel operated unsuccessfully under the management by contract of Hilton Hotels Corporation. When New Uplands, Inc. purchased the property in September 1972, the owner conveyed title subject to an outstanding 7¾ %, monthly payment, $3,300,000 final...

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