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>> HOTEL Latest News

JUL 05, 2013 - Washington Business Journal

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Big foreclosures: South Beach hotel, Palm Beach Gardens office

The roundup of major foreclosure action this week covers a hotel on South Beach, a financial office building in Palm Beach Gardens and a stalled mansion project along Biscayne Bay. The owner of the Carlton Hotel in South Beach lost a $16.7 million foreclosure lawsuit but it’s not headed to auction quite yet. Carlton Hotel LLC lost the judgment to 1433 Collins LLC, an affiliate of New York-based Baltoro Capital Management, over a $13 million mortgage, plus interest and fees. The plaintiff purchased…

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