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 This material may not be published, broadcast, rewritten or redistributed.)


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