2 Springfield Hotels Face Foreclosure
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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.
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