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Two Springfield Hotels Face Foreclosure

Posted 2012-06-16 06:15:00 by WMAY News


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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