Hearing Tuesday in appeal of Revel sale:

U.S. District Court Judge Jerome B. Simandle scheduled an emergency hearing for Tuesday in Camden to hear arguments to block the sale of Atlantic City's Revel Casino Hotel by tenants who spent millions on facilities for the failed casino.

Angel Management Group, which spent $16 million to build Revel's popular HQ clubs and Center Bar appealed a Jan. 8 order by U.S. Bankruptcy Judge Gloria M. Burns that would allow Florida investor Glenn Straub to buy Revel "free and clear of liens, claims, encumbrances, and interests."

Angel Management is asking for an emergency stay on the sale order while it appeals. The stay must be issued before Jan. 23 because otherwise the sale of Revel for $95.4 million can go through as conceived in the sale order.

ACR Energy Partners L.L.P., which built a $150 million utility plant for Revel, is also appealing the sale order. ACR rents the land where the plant stands from Revel and would have to vacate the land under the sale order or abandon its property.

ACR planned to file a document Friday afternoon explaining why the sale order should be blocked.

Appeals in bankruptcy cases are made to U.S. District Courts.

Read more at http://www.philly.com/philly/business/20150117_Hearing_Tuesday_in_appeal_of_Revel_sale.html#RMxyCxVUzUjlr1fz.99