The Real Deal — ChicagoArticle
Little-known foreign entity and lender locked in $25M foreclosure of O’Hare hotels
A dual-branded hotel near O’Hare International Airport is caught up in a foreclosure tied to the U.S. EB-5 visa program which grants visas to foreign developers who invest a certain amount of capital into U.S. real estate. A foreclosure filed last week alleges that the developer of the 400-key Hyatt La Quinta hotel…
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