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St. Regis Foreclosure Sign of More Troubled Times for Hotels

The St. Regis Monarch Beach resort in Orange County, CA, this week became the latest luxury hospitality property to be taken over by its lender. Citigroup Inc. seized the 400-room hotel after it fell into default on a $70 million mezzanine loan. The takeover...

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This post was syndicated from National Commercial Real Estate News From CoStar Group.

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