Marriott hotel by LAX in receivership post-$45M default
A hotel about a half-mile away from LAX’s entrance was placed in receivership, according to court documents dated late May. The court appointed GF Hotels and Resorts’ Jeff Kolessar as the receiver on the Residence Inn by Marriott LAX after a request from the lender and special servicer on behalf of commercial mortgage-backed securities holders. They alleged the borrower owed about $45 million on a $53.5 million loan. Robert Alter’s Seaview Investors owns the 231-key hotel at 5933 West Century Boulevard. The debt was originated by a Cantor Fitzgerald company in 2016 and was moved to special servicing about a […]This article originally appeared on The Real Deal. Click here to read the full story.
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