CHICAGO-The proprietor of the Crowne Plaza Metro Chicago, a 398-room hotel in the West Loop, is facing a potential foreclosure suit for failing to refinance a $48.2-million loan that came due in June. A venture led F&F Realty Ltd., which owns the hotel, has requested more time so that it could pay off the mortgage.
Miami Beach, Florida-based LNR Partners LLC, the loan servicer, is managing the Crowne Plaza loan, which was matured on June 1. For the full story, go to Crain's Chicago Business .
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