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October 24, 2014, 10:29 am
970 WMAY News

Two Springfield Hotels Face Foreclosure


A receiver has been appointed to handle day-to-day operations at two Springfield hotels which are facing foreclosure.

 

The State Journal-Register reports the owners of the Crowne Plaza and Holiday Inn Express failed to meet an April deadline to pay off their 36-million-dollar mortgage.

 

A judge appointed a Virginia company to take over the two hotels and secure all cash, accounts and assets related to them.

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