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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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