KLCG Property, LLC (Key Lime Cove)

Young Conaway acted as co-counsel, along with Von Briesen and Roper, S.C., to KLCG Property LLC and Gurnee Property, LLC in their chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware. KLCG Property constructed, owned, and operated a 414-room destination resort hotel, indoor water park, and conference center located north of Chicago in Gurnee, Illinois. Gurnee Property was the owner of a 59.03% tenants-in-common interest in the land the hotel, water park, and conference center were located on. With Young Conaway’s and Von Briesen's assistance, the Debtors successfully sold substantially all of their assets in a 363 sale in 2010.