Puttin’ (the Pinch) on the Ritz

By editor | Published: April 27, 2010

Bank of America has filed a notice of default against the Ritz-Carlton Highlands Lake Tahoe, a luxury resort that opened just four months ago.

The notice of default, filed at the end of March, claims the Highlands Hotel Co. LLC is $18.6 million in default on the hotel and a neighboring parcel. The default involves two loans totaling $157 million.   Read more: Puttin’ (the Pinch) on the Ritz – Sacramento Business Journal

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