Lender takes ownership of Denver Ritz-Carlton

08/11/2010 | American City Business Journals

Transwestern Realty Finance Partners says it has taken ownership of the 202-room luxury Ritz-Carlton hotel in Denver as part of a recent lawsuit settlement. The company sued the former Ritz owners after they defaulted on $9 million of a $20 million loan. Under the new ownership, the hotel will continue to operate as a Ritz and will be managed by Ritz-Carlton Hotel Co. LLC.

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