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Bidder makes initial offer for troubled Westin Cleveland Downtown hotel

Bidder makes initial offer for troubled Westin Cleveland Downtown hotel
crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.

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Westin Cleveland Downtown will close next week unless judge steps in, lender seeking foreclosure claims

Westin Cleveland Downtown will close next week unless judge steps in, lender seeking foreclosure claims
© Plain Dealer file photo/cleveland.com/TNS
The Westin Cleveland Downtown, seen here in a file photo.
CLEVELAND, Ohio A lender seeking to foreclose on the Westin Cleveland Downtown said the owner’s financial woes would lead to the hotel’s closure by next week unless a judge steps in and appoints a receiver.
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Attorneys for Cleveland International Fund wrote in a court filing Monday that Westin owner Optima 777 either cannot or is unwilling to pay to continue to operate the hotel. Allowing the hotel to close would damage its future business prospects, the lawyers wrote. ....

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Downtown Westin Hotel May Close | Newsradio WTAM 1100

Downtown Cleveland's Westin Hotel could close in the next week unless it's put into recievership. ....

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Downtown Westin on the Brink, Ukrainian Oligarchs' Cleveland Portfolio Could Be Down to One

Posted
By Sam Allard
on Wed, Mar 10, 2021 at 10:17 AM
click to enlarge
IMG 2485 by jeffpyle is licensed under CC BY-NC-ND 2.0
Three of the Optima Ventures current and former properties: Crowne Plaza Hotel, AECOM Building, One Cleveland Center
Optima 777, one of an array of LLCs grouped under the Optima companies controlled and financed by Ukrainian billionaires, could lose one of its two remaining properties in Cleveland.
The Westin Cleveland Downtown hotel, which Optima purchased when it was still a Crowne Plaza in 2011, and which opened in 2014 after a $74 million renovation, could close as early as next week if a judge does not step in to appoint a third party to manage it. ....

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Westin Cleveland Downtown hotel is on the verge of closing, lender says in receivership petition

Westin Cleveland Downtown hotel is on the verge of closing, lender says in receivership petition
crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.

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