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Receiver Gets 22 Hotels Over $240M Wilmington Loan Default

By Matthew Santoni (November 13, 2020, 5:43 PM EST) -- 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....

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