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Top Permits: Senior living facility on Magazine Street continues construction, while auto dealership in Jefferson Parish to undergo robust renovations

Top Permits: Senior living facility on Magazine Street continues construction, while auto dealership in Jefferson Parish to undergo robust renovations
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Shamin Hotels staves off foreclosure auction for Short Pump Hilton

The local hotelier has struck a deal with its lender to remain as owner of the Hilton Richmond Hotel & Spa and to have the property taken out of receivership. ....

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Short Pump Hilton headed for public foreclosure auction later this month

Short Pump Hilton headed for public foreclosure auction later this month
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Pandemic woes: Hilton hotel in Short Pump faces receivership and foreclosure action

The Hilton Richmond Hotel & Spa/Short Pump in Henrico County, one of the Richmond regionâs largest hotel properties and meeting space venues, likely will be placed into receivership and eventually into foreclosure.
The financial problems of the 254-room hotel, which is a popular destination for meetings, events and weddings, comes as it and much of the hospitality industry suffer dramatic declines amid the coronavirus pandemic.
The noteholders of a $46.84 million loan on the hotel have asked that a special receiver be appointed to oversee operations as it prepares to sell the property at a foreclosure auction.
Shamin Hotels, which owns the Hilton Richmond Hotel & Spa/Short Pump, has agreed to have a receiver take over the property, said CEO Neil Amin. ....

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Shamin's Short Pump Hilton headed to receivership, foreclosure

Shamin’s Short Pump Hilton headed to receivership, foreclosure
Michael Schwartz photo)
A Richmond-area hotelier is on the verge of losing one of its Henrico properties to foreclosure, as the pandemic continues to batter the hospitality industry.
Shamin Hotels is in discussions to allow the noteholder on its Hilton Richmond Hotel & Spa in Short Pump to take control of the property at 12042 W. Broad St. through receivership and an eventual public auction.
The pending transfer of control comes after Chester-based Shamin, which owns more than 60 hotels mostly around the mid-Atlantic, fell behind on loan payments on the 254-room Short Pump Hilton in April, as COVID-related closures and social distancing were in full effect. ....

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