Vestavia Hills, Ltd., dba Mount Royal Towers – Case No. 20-00018-LA11

Summary

On January 3, 2020, Vestavia Hills Ltd. dba Mount Royal Towers (“Debtor”) filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code (“Bankruptcy Code”).  

The Debtor is an Alabama limited partnership, consisting of one general partner (IPG Holding, Inc.) and eight limited partners.  The Debtor’s principal place of business is San Diego, California.  Its corporate headquarters is located in San Diego.

The Debtor operates a senior housing community located at 300 Royal Tower Drive, Vestavia Hills, Alabama, 35209.  The Facility is commonly known as Mount Royal Towers and has been in business since 1982.  

The purpose of the case is to protect and maintain the welfare of the approximate 150 elderly residents of the Debtor’s Mount Royal Towers senior living facility located in Vestavia Hills, Alabama, and in furtherance of that focus and purpose, to reorganize the Debtor’s affairs under Chapter 11 of the Bankruptcy Code.  The current case priority is to sell the Mount Royal Towers facility and related business assets through an orderly section 363 sale process, which the Court approved to begin by order entered March 25, 2020.  In light of the impact of the COVID-19 virus pandemic, the Debtor asked the Court to extend certain deadlines and dates for the sale process to take place.  The Court granted the Debtor’s request and set new deadlines and dates including moving the final sale hearing and auction to July 30, 2020 beginning at 10 a.m. and further setting the deadline for receipt of qualifying bids from interested bidders to July 9, 2020.

If you have questions about the sale process or the case generally, or are interested in bidding on the Mount Royal Towers property, you may contact the Debtor’s Court-approved broker, Blueprint Healthcare Real Estate Advisors, LLC, ATTN: Jacob Gehl, jacob@blueprintHCRE.com, 310-893-7182, or the Debtor’s Court-approved attorneys, Sullivan Hill Rez & Engel, ATTN: James P Hill, hill@sullivanhill.com, 619-595-3226.

Pleadings

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