Receiver Gets 22 Hotels Over $240M Wilmington Loan Default

Law360

A Philadelphia-based receiver has taken over a group of 22 hotels in multiple states at the request of a Delaware-based lender, after the hotels defaulted on a $240 million loan and were unable to pay bills or maintain their properties, according to a complaint cross-filed Friday in a Florida federal court. ...The receiver is represented by Keith M. Brandofino of Thompson & Knight LLP.