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Article: Triyar Hospitality Scottsdale, LLC, Owner of W Scottsdale Hotel, Has Reached Resolution with Its Lender and Contractors, Ending Litigation and Canceling Foreclosure Proceedings.
- Article from:
- Real Estate Weekly News
- Article date:
- November 13, 2009
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Triyar Hospitality Scottsdale, LLC, owner of the W Scottsdale Hotel, announced that it has reached a resolution in its legal disputes with its lender and the hotel's construction contractors, which ends litigation between them and the lender's foreclosure proceedings.
W Scottsdale, which opened one year ago, quickly established itself as a destination hot spot, host to high profile events, celebrities, and trend setting travelers from around the world. Despite the challenging economy, W Scottsdale continues to significantly outperform its competition, as well as well-established hotels and luxury resorts in Phoenix, Scottsdale and throughout Arizona.
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