The owners of The Ritz-Carlton, Denver hotel are in default on multimillion-dollar loans related to the downtown property, but are working to make good on the debt.
Transwestern Mezzanine Realty Partners III LLC of Chicago filed suit against the 202-room luxury hotel’s owner, CJS Hotel LLC and related entities, on June 28 in Denver federal court. The lawsuit says the owner hasn’t paid $9 million, plus interest and charges, due on a $20 million mezzanine loan.
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http://www.bizjournals.com/denver/stories/2009/07/06/story1.html?ana=from_rss
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