JACKSONVILLE, FL-The Hyatt Regency in Jacksonville, Floridacontinues to face financial problems being unable to meet mortgagepayments for the second time in the last two years on a $150million securitized mortgage taken out by the ownership group,headed by the Chartres Lodging Group LLC.
Despite receiving financial aid from the Hyatt Hotels Corp. lastyear to the tune of $5 million on the delinquent mortgage, thegroup is still unable to meet mortgage payments. For thefull story, go to Wall Street Journal.
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