Luxury Four Seasons San Francisco Defaults On Loan
July 9, 2009 | Posted by bLavish as Tid Bits & News at 10:00 am | Comments off
Well, another luxury hotel has bit the dust and joined the already popular ranks of loan-defaulters.
The $90-million CMBS loan for the Four Seasons San Francisco has just recently defaulted, leaving Millennium Partners trying to renegotiate their debt.
Because the value of the Four Seasons San Francisco is lower than the debt, it looks like they might be able to pull out of it without too much of a beating.
Poor ole luxury market, it’s just getting worse and worse. Pretty soon we’re only going to be left with a Wal-Mart society. And that’s a little too Judge Dredd for our taste.
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Categories
- Airplanes
- All About Them Robots
- Apparel
- Artsy Fartsy
- Auctions
- Baby In Mind
- Be A Golfing Pimp
- Blavish Links
- Bling Bling
- Boats
- Burning the Fat
- Cameras
- celebrities
- Celebrity Weddings
- Cell Phones
- Cellphones
- Chasing the Greenbacks
- Dream Homes
- Estate of the Day
- Expensive Eats
- Fabulous Friday Find
- Fast & Furious Cars
- For Her
- For Him
- For the House
- For the Kids
- Furious Luxury Cars
- Furniture
- Gadgets
- Gaming
- Handbags
- Health
- Heavenly Scents
- Holiday Gift Ideas
- Home Decor
- Home Entertainment
- Hot Hotels
- Hotels
- How the Rich Survive
- iPhone
- iPod
- Jewelry
- Just For Frivolous Fun
- Just for Fun
- Kitchen Gadgets
- Laptops
- Leisure
- Let's Get out of Here Vacation Packages
- Luxury Gifts
- Luxury Grills
- Luxury Hotels
- Luxury Housewares
- Luxury Shoes
- Luxury Shopping
- Luxury Travel
- Luxury Yachts
- MP3 Mania
- Outdoor Fun
- Pampered Pets
- PC/Laptops
- Personal Care
- Pleasure
- Quality Sound
- Realty
- Reasons To Travel
- Restaurants
- Romantic Gifts
- Scooters
- Special Blavish News
- Special Events
- Spirits & Palliatives
- Sports
- Technical Difficulties
- The Most Expensive
- The Reasons Why
- The Ultimate in Luxury
- Tid Bits & News
- Timepieces
- Tremendous Toys
- TV
- Uncategorized
- Wedding Dresses
- Weddings
- What A Waste
- Wheels
- Winter Travel
- yachts
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