2 Springfield Hotels Face Foreclosure

SPRINGFIELD, Ill. (AP)- Two Springfield hotels face foreclosure after failing to pay off a $36.5 million mortgage.

The (Springfield) State Journal-Register reported Saturday that a Crowne Plaza and a neighboring Holiday Inn Express missed an April 1 payment deadline.

U.S. Bank, which holds the mortgage, filed for foreclosure May 11 in Sangamon County Circuit Court.

The hotels’ general manager and their management company, Rhode Island-based TPG Hospitality, did not respond to requests for comment.

The two hotels together have 428 guestrooms.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

More From CBS St. Louis

Listen Now
Introducing Your New Podcast Network
Find St. Louis' Top Spots

Listen Live