Thursday, October 14, 2010

Detroit Hotel Owner owes State$1M+ in taxes

The state of Michigan has left a $1 million bill on the pillow of former Hotel Pontchartrain owner Atul Bisaria.
The hotelier, whose time in Detroit was marked by guest complaints and a trail of unpaid bills owed to contractors who renovated the aging landmark, was recently slapped with a $1 million lien by the state for unpaid taxes.
The hotel, renamed the Riverside Hotel, closed in August 2009 after the company, Shubh Hotels Detroit LLC, defaulted on a $30 million mortgage.
Located at 2 Washington Blvd., across the street from Cobo Center, it was downtown's first major hotel to close amid a national wave of distressed properties.

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