Prominent Atlanta airport Renaissance among hotels facing uncertainty
The 387-room Atlanta Renaissance Concourse hotel near Hartsfield-Jackson Atlanta International Airport may soon belong to Massachusetts Mutual Life Insurance Co. in the latest case in a growing number of hotels that are falling delinquent on their loans. The hotel's current owner, Sunstone Hotel Investors, notified its investors that it had defaulted on a $246.3 million loan that is secured by the Renaissance and 10 other hotels.
American City Business Journals
| 11/13
This story published in AH&LA SmartBrief on 11/13/2009
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