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IN RE CHADWICK BAY HOTEL ASSOC. LTD. PARTNERSHIP

Bankruptcy No. 94-12560 B.

180 B.R. 47 (1995)

In re CHADWICK BAY HOTEL ASSOCIATES LIMITED PARTNERSHIP, Debtor.

United States Bankruptcy Court, W.D. New York.

March 24, 1995.

Attorney(s) appearing for the Case

Zalkin, Rodin & Goodman (Andrew D. Gottfried, Neil E. Herman, Scott D. Talmadge, of counsel), New York City, for Banque Indosuez.

Saperston & Day, P.C. (Raymond L. Fink, Jeffrey E. Reed, of counsel), Buffalo, NY, for debtor.

CARL L. BUCKI, Bankruptcy Judge.

Banque Indosuez is the holder of a mortgage which encumbers the debtor's leasehold interest in property in Dunkirk, New York, on which the Sheraton Harborfront Inn is now located. The debtor, Chadwick Bay Hotel Associates, acquired this interest in 1989 from the Dunkirk Industrial Development Agency. The Sheraton Inn was to represent the first phase of the Upland Site Development for the Harborfront Revitalization Project for the City...

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