Hyatt Regency in Jacksonville Misses Mortgage Payment

By GlobeSt News Hub

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JACKSONVILLE, FL-The Hyatt Regency in Jacksonville, Florida continues to face financial problems being unable to meet mortgage payments for the second time in the last two years on a $150 million securitized mortgage taken out by the ownership group, headed by the Chartres Lodging Group LLC.

Despite receiving financial aid from the Hyatt Hotels Corp. last year to the tune of $5 million on the delinquent mortgage, the group is still unable to meet mortgage payments. For the full story, go to Wall Street Journal.

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Categories: Southeast, Hotels, Distressed Assets, Florida