The downtown Crowne Plaza Hotel has entered foreclosure and will be sold at a sheriff’s auction in the near future.  A judgment by Tulsa County District Judge Rebecca Nightingale found that the 462-room hotel’s owners, Ascension Hotels of Donaldsonville, La., failed to repay a $20.3 million loan plus $3.1 million in interest by the due date, and the property has been awarded to Tulsa Hotel Partners LLC, holders of the loan.

However, THP has been ordered by the court to sell the property as soon as possible.  Also named as defendants in the foreclosure lawsuit were Aaron Patel — also known as Amrutbhai J. Patel — of Donaldsonville; and Kamal and Tarun Kapoor, both of Alhambra, Calif. Tarun Kapoor is president of Ascension Hotels.   Click here for full story from Tulsaworld.com….. ED/DD: Owes 23.4 Million presently on hotel.