U.S. Bankruptcy Judge A. Jay Cristol sided with Miami Beach's Sagamore Hotel in a battle with its lender, which is trying to foreclose. However, the hotel's owner may only get a 10-day reprieve to cure a defaulted loan.
November 14, 2012 at 12:00 AM
1 minute read
The owner of the Sagamore Hotel in Miami Beach scored a victory in bankruptcy court last week. But the good news may be short-lived.
U.S. Bankruptcy Judge A. Jay Cristol sided with the hotel owner, Sagamore Partners, in a battle with its lender, which is trying to foreclose on the beach hotel. Sagamore Partners is led by Martin Taplin, president of Miami Beach Vacation Resorts. The boutique hotel is at 1671 Collins Ave.
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