According to that report, Column Financial, a commercialmortgage subsidiary of Credit Suisse, wants owner Colony CapitalIV, an affiliate of Los Angeles-based Colony Capital LLC, to turnover title to the 942-room property. Column is prepared to keep thehotel and gaming complex open and operating while it looks for anew operator.

Requests for comment from both Colony Capital and ColumnFinancial were not immediately returned. A spokesman for the hotelsaid that because the property is privately owned, they would notdiscuss financial matters relating to Resorts Atlantic City.

The move to foreclose follows a filing with the Casino ControlCommission in November by Resorts indicating that it would not beable to make its mortgage payment that month on a $10-million loanbacked by a $360-million mortgage on the property. In that filing,company officials blamed that failure on "the extreme impact" ofcurrent economic conditions.