Hotels
Auction Postponed for JW Marriott Starr Pass in Tucson
by Lisa A. GrimaldiFebruary 8, 2012
The auction of the 575-room JW Marriott Starr Pass Resort & Spa in Tucson, Ariz., originally scheduled for tomorrow, has been moved to March 2. Last fall, Starr Pass Resort Developments defaulted on a $145 million loan for the property, which includes a 20,000-square-foot spa, a 27-hole Arnold Palmer-designed golf course, three swimming pools and 88,000 square feet of meeting space. With debt negotiations ongoing, U.S. Bank decided to delay the sale for another month, according to the lender's attorney.
This page is protected by Copyright laws. Do Not Copy