(Crain’s) — A Georgia hotel investor has agreed to buy a loan on a Wyndham hotel in Glenview at a 60% discount as the property’s lender moves forward with a foreclosure suit.
Douglas Artusio, whose Chicago-area investments include a stalled River North hotel development, plans to buy the note on the Wyndham Glenview Suites, a transaction that ultimately would allow him to take control of the 253-room hotel, which was slapped with a foreclosure suit in February.
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http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=35180
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