Bondholders on the $277 million Renaissance Grand Hotel & Suites in the 800 block of Washington Ave. took ownership of the hotel in February after its previous owners defaulted on making an interest payment on its $98 million debt load. The hotel, the largest in St. Louis, was foreclosed on in February, and the sole bid for the hotel was made by the bondholders’ trustee, UMB Bank, for $98 million, the amount of debt on the property.
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