The lodging industry is under such stress that some property sellers are willing to lend to prospective hotel buyers the way auto dealers finance vehicle sales: Offer cheap rates and sometimes with little money down.
Banks and owners want to get rid of unprofitable hotels that offer little near-term prospect for recovery. But unloading them at bargain prices would lead to losses on their balance sheets. So some are turning to what is known as seller financing.
With the typical hotel purchase, a property buyer pays the seller the full purchase price upfront and finances the deal in part with
… Read More
Nathaniel Nagbe was staying at MGM National Harbor casino hotel on Aug. 12, 2020. The Gaithersburg resident says he won big playing blackjack and wanted to party.
OXON HILL, Md. — Prince George’s County Police say two gunmen snuck a rifle into MGM National Harbor, burst into a hotel room, and shot a man twice in a hallway before walking away. This brazen robbery last August hasn’t been publicly reported until WUSA9 started asking questions.
Now, the man shot is sharing his story for the first time.
Nathaniel Nagbe was staying at MGM National Harbor casino hotel on Aug. 12,
… Read More
A child has died after falling from an “upper-level floor” of a Columbia hotel early Saturday morning, officials confirmed Sunday.It happened just before 2 a.m. at the Embassy Suites off Greystone Boulevard, which is off Interstate 26 near the Riverbanks Zoo. Maiya Caughman, 4, fell over a railing inside the hotel, the Richland County Coroner’s Office confirmed. The hotel has interior balconies open to the lobby on the first floor.The Columbia Police Department does not suspect foul play at this time, but officials are investigating.Anyone who witnessed what happened, or saw Maiya at the hotel, should call the Coroner’s Office … Read More