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Westin Book Cadillac hotel in Detroit being sold | Crain's Cleveland Business

Westin Book Cadillac hotel in Detroit being sold | Crain's Cleveland Business
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Cleveland-based owner of Detroit's Westin Book Cadillac says his hotel is heading into foreclosure


Cleveland-based owner of Detroit s Westin Book Cadillac says his hotel is heading into foreclosure
KIRK PINHO/CRAIN S DETROIT BUSINESS
Property underwater, valued at $74.6 million, less than its CMBS loan debt of $77 million
High-rise s 2008 redevelopment one of the key downtown projects this century
CoStar Group Inc.
The owner of the Westin Book Cadillac hotel in downtown Detroit said his lender is foreclosing on the property after months of missed payments.
The owner of one of the landmark redevelopment projects in Detroit this century says his property is headed into foreclosure after months of missed loan payments.
John Ferchill, who owns the Westin Book Cadillac hotel in downtown Detroit, said in an email that although the property hasn t been foreclosed upon yet, his lender has told him it will. ....

New York , United States , John Ferchill , Citi Real Estate Funding Inc , Capital Asset Management , Cadillac Hotel , Ferchill Group , Westin Book Cadillac , Citi Real Estate Funding , Cleveland Based Ferchill Group , Asset Management , New York City Based , Book Cadillac Hotel , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , சிட்டி ரியல் எஸ்டேட் நிதி இன்க் , மூலதனம் சொத்து மேலாண்மை , காடிலாக் ஹோட்டல் , வெஸ்டின் நூல் காடிலாக் , சிட்டி ரியல் எஸ்டேட் நிதி , சொத்து மேலாண்மை , புதியது யார்க் நகரம் அடிப்படையிலானது , நூல் காடிலாக் ஹோட்டல் ,