BOSTON-The Best Western Rockland, a hotel consisting of 76 rooms at 909 Hingham St. in Rockland, has reached the auction block. JJManning Auctioneers will handle the foreclosure auction scheduled on March 24.
Bank of America Merrill Lynch became the hotel's lender by acquiring LaSalle Bank in 2007. The property's owner of record hit LaSalle for a $5.6-million loan in October 2006. The special servicer, JE Robert Cos. employed GF Management of Philadelphia to operate as the receiver of the property until the auction.For the full story, go to Boston Business Journal.
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