The glossy magazine Celebrated Living recently ranked the landmark Biltmore Hotel as one of the top 20 hotels on the U.S. mainland. But operators of the historic city-owned property aren't breaking out the champagne: They're behind by almost $2.4 million in payments to their landlord, the city of Coral Gables.
Executives from Seaway Corp., which has run the hotel for the city since 1992, blame the weak economy and the expense of keeping a 1926 grand dame in peak condition.
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