Valuation and Expert Witness Testimony In Connection With Bankruptcy of The Allerton Hotel Chicago, IL
The Client
Chicago based Neal Wolf & Associates, LLC representing ALT Hotel LLC, an affiliate of New York based hedge fund Petra Capital Management LLC
The Mandate
Appraisal, litigation support services, and expert witness testimony and in connection with bankruptcy case: ALT Hotel LLC, case number 11-bk-19401, in the U.S. Bankruptcy Court for the Northern District of Illinois
The Results
- Prepared self-contained appraisal report
- Subsequently provided litigation support services and expert witness testimony
- “I employed Dan Lesser and his team at LW Hospitality Advisors® as my valuation experts in connection with a hotly contested confirmation battle involving a chapter 11 plan of reorganization for a large hotel located on Chicago’s “Gold Coast.” They did a magnificent job preparing strong, highly literate, carefully documented, and well-reasoned appraisal reports. Moreover, Dan’s opinions glowingly passed the most rigorous of litigation “tests.” In both a lengthy deposition, and two full days of direct and cross-examination on the witness stand in bankruptcy court in Chicago, Dan’s expertise, work product, and mettle were tested by a team of some of the best trial lawyers in America. His performance as an expert witness was outstanding. The case settled before the conclusion of trial. I can confidently say, however, that the persuasiveness of Dan’s expert report and the authoritative resonance of his testimony greatly contributed to a very favorable outcome for my client. I look forward to working with Dan and his team in the future.” – Neal L. Wolf, Esq. – Principal – Neal Wolf & Associates, LLC
