The Renaissance Mayflower, an 85-year-old institution in Washington, is seeking some relief on its $200 million securitized mortgage.
The restructuring effort by owner Rockwood Capital LLC is a sign that real-estate investments are running into problems even in relatively healthy markets. Hotels in the nation's capital are doing better than their peers in many other cities. But the Mayflower isn't doing well enough to make up for the top-of-the-market price and debt that Rockwood put on the property
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