Friday, October 2, 2009

O’Hare-area hotel faces foreclosure

(Crain’s) — The owner of a Best Western hotel in Rosemont that’s also home to sports bar Shoeless Joe’s Ale House & Grille has been hit with an $11.6-million foreclosure lawsuit.
Blue Ribbon Hospitality (Hotel) Rosemont LLC defaulted this summer on a loan issued three years ago on the 141-room property, 10290-10300 W. Higgins Road, according to a complaint filed Sept. 9 by an affiliate of LNR Property Corp. Blue Ribbon already has agreed to the appointment of a receiver, the complaint says.

Read more: