Dec
24

CRE: Siena Hotel Spa Casino

Siena Hotel Spa Casino - Exterior

Another resort hotel is in default. This time it is the Siena Hotel Spa Casino in Reno, Nevada.

The resort’s Lafayette, Calif.-based lender, Bar-K Inc., filed the notice on Dec. 11, citing an original loan of $50 million. In a statement, the Siena said it "has not remained insulated" from the ailing economy.

Source: Mercury News

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