The W Atlanta-Downtown Hotel & Residences is now officially under foreclosure.
Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) reported late Tuesday the senior lender 2010-1 SFG Venture LLC -- a joint venture between the FDIC and Square Mile Capital Management LLC -- foreclosed on the property. The move is no surprise. Atlanta Business Chronicle reported in August the lender was moving ahead with foreclosure.
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