Article - 241 Key Marriott Saddle Brook in New Jersey Sold - Hodges Ward Elliott arranged the sale of the the Marriott Saddle Brook, a 241-key hospitality asset located in the township of Saddle Brook, NJ, strategically located off Interstate 80, just 20 miles from Manhattan.
Hotelier Burned in Financial Crisis Loses Again in Pandemic Bust Columbia Sussex Group is in foreclosure on three hotels and is prepared to surrender two others to the lender. Bloomberg | Jan 25, 2021
(Bloomberg) A hotel company that ran into trouble during the financial crisis is shaping up to be one of the biggest losers in the pandemic lodging bust, as property owners who delayed debt payments grapple with impatient lenders.
Columbia Sussex Corp., the closely held Crestview Hills, Kentucky-based owner of 49 lodging properties, is in foreclosure on three hotels, and is prepared to surrender two others to lenders, loan documents compiled by Bloomberg show. At least 25 properties that the company has financed with loans packaged into commercial-mortgage backed securities are in special servicing or on servicer watch lists.