In Re Santa Monica Beach Hotel, Ltd. Sam C. Stein, Debtors. Chicago Title Insurance Company v. Santa Monica Beach Hotel, Ltd. Sam C. Stein Tokai Bank Ltd. Official Committee of Creditors Holding Mechanics Liens Gosnel Development Corporation of Arizona
Opinion
Opinion
43 F.3d 1479 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. In re SANTA MONICA BEACH HOTEL, LTD.; Sam C. Stein, Debtors. CHICAGO TITLE INSURANCE COMPANY, Plaintiff-Appellant, v. SANTA MONICA BEACH HOTEL, LTD.; Sam C. Stein; Tokai Bank Ltd.; Official Committee of Creditors Holding Mechanics Liens; Gosnel Development Corporation of Arizona, Defendants-Appellees. No. 93-55901. United States Court of Appeals, Ninth Circuit. Submitted Dec. 8, 1994. * Decided Dec. 15, 1994. 1 Before: BROWNING, GOODWIN and FERGUSON, Circuit Judges 2 MEMORANDUM ** 3 The bankruptcy court did not abuse its discretion in choosing a valuation methodology or commit clear error in assessing relative values. The court's treatment of the intangibles as real property exemplifies the weighing of interests Congress contemplated when it vested bankruptcy courts with authority to make determinations as to value. See H.R.Rep. No. 595, 95th Cong., 1st Sess. 356 (1977). The court's manner of classifying the…