Hotelier Nesbitt Fends Off a Foreclosure Bid
Mar 17th, 2011 | By WSJ.com: Real Estate | Category: News worldwide
Polo-playing hotelier Patrick Nesbitt rescued 18 of his hotels from foreclosure by lining up $165 million in new mortgages from Starwood Property Trust to pay off a delinquent loan held by investor Jonathan Eilian.