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Rank 729 Seventh Avenue New York, New York 10019 Tel.: (212) 319-9800 Fax: (212) 319-9883 and David M. Neff (admitted pro hac vice) PERKINS COIE LLP 131 S. Dearborn, Street, Suite 1700 Chicago, Illinois 60603-5559 Phone: (312) 324-8400 Fax: (312) 324-9400 Attorneys for CWCapital Asset Management, LLC UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: Innkeepers USA Trust, et al., Debtors. ) ) ) ) ) ) ) Chapter 11 Case No. 10-13800 Jointly Administered Hearing Date: 9/30/10 at 10:00 am
RESPONSE AND JOINDER OF CWCAPITAL ASSET MANAGEMENT LLC WITH MIDLAND LOAN SERVICES, INC.S OBJECTION TO THE APPLICATION PURSUANT TO SECTIONS 327(a), 328(a), AND 1103 OF THE BANKRUPTCY CODE AUTHORIZING THE RETENTION AND EMPLOYMENT OF JEFFERIES & COMPANY, INC. AS THE FINANCIAL ADVISOR AND INVESTMENT BANKER TO THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS NUNC PRO TUNC TO JULY 30, 2010 CWCapital Asset Management LLC ("CWCapital"), hereby responds to the Application Pursuant to Sections 327(a), 328(a), and 1103 of the Bankruptcy Code Authorizing the Retention and Employment of Jefferies & Company, Inc. as the Financial Advisor and Investment Banker to the Official Committee of Unsecured Creditors Nunc Pro Tunc to July 30, 2010 (the
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Application) and joins in the objection (the Midland Objection) filed by Midland Loan Services, Inc. (Midland) thereto and states as follows 1. CWCapital is special servicer for Wells Fargo Bank, N.A., trustee for the
registered holders of Credit Suisse First Boston Mortgage Security Corp. Commercial Mortgage Pass-Through Certificates, Series 2005-C5, which is the holder of loans to certain of the Debtors in the original principal amount of approximately $13.7 million, secured by a deed of trust on certain real property operated as the Hilton Suites Hotel located in Anaheim, California, and related collateral. 2. In the Motion, the Committee seeks authority to employ Jeffries & Company, Inc.
(Jefferies) as its financial advisor and investment banker. CWCapital opposes the Application and joins in the Midland Objection. In addition, CWCapital objects to the use of its cash collateral for the purpose of paying any fees and expenses to Jeffries. WHEREFORE, for the reasons set forth herein and in the Midland Objection, CWCapital respectfully requests that the Court deny the relief requested in the Application and grant such other and further relief as is just and proper. Dated: September 23, 2010 /s/ David M. Neff TASHJIAN & PADIAN Gerald Padian (NY Bar # 2257178) Bradley M. Rank 729 Seventh Avenue New York, New York 10019 Telephone: (212) 319-9800 Facsimile: (212) 319-9883 Email: gpadian@tashpad.com brank@tashpad.com
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David M. Neff (admitted pro hac vice) PERKINS COIE LLP 131 S. Dearborn, Street, Suite 1700 Chicago, Illinois 60603-5559 Phone: (312) 324-8400 Fax: (312) 324-9400 dneff@perkinscoie.com Attorneys for CWCapital Asset Management, LLC
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CERTIFICATE OF SERVICE David M. Neff, an attorney, hereby certifies that on September 23, 2010 he caused a copy of the foregoing RESPONSE AND JOINDER OF CWCAPITAL ASSET MANAGEMENT, LLC WITH MIDLAND LOAN SERVICES, INC.S OBJECTION TO THE APPLICATION PURSUANT TO SECTIONS 327(a), 328(a), AND 1103 OF THE BANKRUPTCY CODE AUTHORIZING THE RETENTION AND EMPLOYMENT OF JEFFERIES & COMPANY, INC. AS THE FINANCIAL ADVISOR AND INVESTMENT BANKER TO THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS NUNC PRO TUNC TO JULY 30, 2010 to be filed via the Court's ECF system and served on the parties listed on the attached Service List as so indicated.
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Apollo Investment Corporation Attn: Joseph D. Glatt 9 West 57th Street New York, New York 10019
akornberg@paulweiss.com aehrlich@paulweiss.com lshumejda@paulweiss.com Fax: 212-757-3990 Via U.S. Mail michelle.mcmahon@bryancave.com lawrence.gottesman@bryancave.com Fax: 212-541-4630 Via ECF notification
LNR Partners, Inc. c/o Duane Morris LLP Phillip K. Wang William Heuer Margery N. Reed One Market Plaza Spear Tower - Suite 2200 San Francisco, CA 94105-1127 Official Committee of Unsecured Creditors of Innkeepers Trust USA c/o Morrison & Foerster, LLP Lorenzo Marinuzzi Brett H. Miller Jordan A. Wishnew 1290 Avenue of the Americas New York, NY 10104-0050
Carrollton-Farmers Branch Independent School District c/o Andrea Sheehan Law Offices of Robert E. Luna 4411 N. Central Expressway Dallas, TX 75205
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Party Lehman ALI Inc. c/o Dechert LLP Nicole B. Herther-Spiro Brian E. Greer 1095 Avenue of the Americas New York, NY 10036
Party Ad Hoc Committee of Preferred Shareholders c/o Dewey & Leboeuf LLP Martin J. Bienenstock Timothy Q. Karcher Irena M. Goldstein 1301 Avenue of the Americas New York, NY 10019 Midland Loan Services, Inc. c/o Haynes and Boone, LLP John D. Penn 201 Main Street, Suite 2200 Fort Worth, TX 76102
Midland Loan Services, Inc. c/o Haynes and Boone, LLP Lenard M. Parkins Mark Elmore 1221 Avenue of the Americas, 26th Fl. New York, NY 10020 Five Mile Capital Partners LLC c/o Kasowitz Benson Torres & Friedman LLP David M. Friedman Daniel A. Fliman Adam L. Shiff 1633 Broadway New York, NY 10019 Hilton Worldwide, Inc. c/o Kaufmann Gildin Robbins & Oppenheim LLP Bruce R. Alter 550 Mamaroneck Ave., Suite 510 Harrison, NY 10528 Bexar County c/o Linebarger Goggan Blair & Sampson, LLP Elizabeth Weller 2323 Bryan Street Suite 1600 Dallas, TX 75201
Five Mile Capital II Pooling International LLC c/o Arnold & Porter LLP Anthony Boccanfuso Michael J. Canning 399 Park Avenue New York, NY 10022-4690
Best Western International c/o Michael G. Helms 2600 N. Central Avenue, Ste 940 Phoenix, AZ 85004
Hilton Worldwide, Inc. c/o Kaufmann Gildin Robbins & Oppenheim LLP David J. Kaufmann Kevin M. Shelley 777 Third Avenue, 24th Floor New York, New York 10017
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Party Oakland County Treasurer c/o Kilpatrick & Associates, P.C. Richardo I. Kilpatrick 903 North Opdyke Road, Suite C Auburn Hills, MI 48326
Party Bexar County c/o Linebarger Goggan Blair & Sampson, LLP David G. Aelvoet 711 Navarro, Suite 300 San Antonio, TX 78205 TriMont Real Estate Advisors, Inc. c/o Kilpatrick Stockton LLP Jonathan E. Polonsky 31 West 52nd Street, 14th Fl. New York, NY 10019
TriMont Real Estate Advisors, Inc. c/o Kilpatrick Stockton LLP Todd C. Meyers Rex R. Veal Mark A. Fink 1100 Peachtree Street, NE Atlanta, GA 30309-4530 Marriott International, Inc. c/o Sheppard Mullin Richter & Hampton LLP Carren B. Shulman Jane Qin 30 Rockefeller Plaza, Suite 2400 New York, NY 10112 Atlantic City Electric Company c/o McCarthy & White, PLLC William Douglas White 1751 Pinnacle Dr, Suite 1115 McLean, Virginia 22102
tmeyers@kilpatrickstockton.com rveal@kilpatrickstockton.com mfink@kilpatrickstockton.com Fax: 404-815-6555 Via ECF notification cshulman@sheppardmullin.com jqin@sheppardmullin.com Fax: 212-653-8701 Via ECF notification
Florida Power Corporation dba Progress Energy Florida c/o Meyer Suozzi English and Klein, P.C. Jil Mazer-Marino 990 Stewart Avenue, Suite 300 Garden City, NY 11530-9194 U.S. Foodservice, Inc. c/o Saul Ewing LLP Melissa W. Rand Jeffrey C. Hampton Centre Square West 1500 Market Street, 38th Floor Philadelphia, PA 19102 Appaloosa Investment L.P. I c/o Willkie Farr & Gallagher LLP Rachel C. Strickland 787 Seventh Avenue New York, NY 10019
Appaloosa Investment L.P. I c/o Sidley Austin LLP Lee S. Attanasio 787 Seventh Avenue New York, New York 10019
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Party Rofar Realty Company, Inc. c/o Golenbock Eiseman Assor Bell & Peskoe LLP Jonathan L. Flaxer 437 Madison Avenue New York, NY 10022
Party C-III Asset Management CWCapital Asset Management c/o Tashjian & Padian Gerald Padian Bradley M. Rank 729 Seventh Avenue New York, New York 10019 Constellation New Energy c/o Jackson Walker LLP Heather M. Forrest 901 Main Street, Suite 6000 Dallas, TX 75202
Constellation New Energy c/o Jackson Walker LLP Bruce J. Razinsky D. Elaine Conway 1401 McKinney Street, Suite 1900 Houston, TX 77010 Iron Mountain Information Mgmt, Inc. c/o Bartlett Hackett Feinberg PC Frank F. McGinn 155 Federal Street, 9th Floor Boston, MA 02110
State of Michigan, Dept. of Treasury c/o Michael A. Cox, Attorney Gen. Juandisha Harris, Asst Atty Gen. Cadillac Place, Ste. 10-200 3030 W. Grant Blvd. Detroit, MI 48202 Gordon Food Service, Inc. c/o Joseph R. Sgroi
Kathleen Devlin, Creditor c/o Sandra Rachel Stanfield Regnier Taylor Curran & Eddy 100 Pearl Street, 10th Floor Hartford, CT 06103 Royal Cup, Inc. c/o Robert W. Tapscott Mindy Y. Kubs
jsgroi@honigman.com
Via ECF notification Via ECF notification rtapscott@maynardcooper.com mkubs@maynardcooper.com Via ECF notification
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