skim118
TUG Member
[Update - Good news - this default does not include the Westin Kierland Hotel - DeniseM Moderator]
According to today's Wall Street Journal, the mortgage-holders of the Westin Kierland Hotel are defaulting on their mortgage.
Starwood sold this hotel last year(good move) and kept the management contract for the hotel.
The Kierland Villas are obviously separate and should stay unaffected.
JP Morgan owns the mortgage and I have a feeling that down the road us taxpayers will be footing this bill also
According to today's Wall Street Journal, the mortgage-holders of the Westin Kierland Hotel are defaulting on their mortgage.
Starwood sold this hotel last year(good move) and kept the management contract for the hotel.
The Kierland Villas are obviously separate and should stay unaffected.
JP Morgan owns the mortgage and I have a feeling that down the road us taxpayers will be footing this bill also
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