JW Marriott in Tucson Faces Foreclosure
From Bloomberg:
Auction Scheduled for February
The JW Marriott Starr Pass Resort & Spa—the earth-toned luxury hotel perched in the saguaro-strewn slopes of the Tucson Mountains—is facing foreclosure. The owner of the 575-room hotel, Starr Pass Resort Developments, has defaulted on a $145 million loan recorded in August 2006, says a foreclosure notice filed in the Pima County Recorder's Office. Click here for the full story.
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