Getting your player ready...
A 2009 case involving whether a Chicago lender can foreclose on Denver’s Ritz-Carlton hotel has closed after the parties reached a pretrial settlement.
Details of the settlement were sealed at the request of lender Transwestern Mezzanine Realty Partners III LLC and hotel ownership entities belonging to Steve Roitman of Denver-based BWAB Inc. and hotelier Charlie Biederman.
Transwestern filed the suit against CJS Hotel LLC and related entities, saying CJS hasn’t paid $9 million, plus interest and charges, due on a $20 million mezzanine loan.
