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Posted: Monday, 23 February 2009 1:04PM

Bank Seeks Receiver For Hotel St. Regis



An Illinois bank is asking a judge to appoint a receiver to take control of the Hotel St. Regis, a hotel in Detroit's New Center area.

ShoreBank fears the utilities soon will be turned off.  It says the owners are also behind on the mortgage and property taxes.

The bank filed a lawsuit Friday in federal court in Detroit, seeking the appointment of a receiver to oversee the property.  The 125-room hotel is on West Grand Boulevard near Henry Ford Hospital, the Fisher Building and the state of Michigan building.

A phone call seeking comment was left Monday with Herbert Strather of St. Regis Detroit Partners.

The hotel's Web site says guests have included the Rev. Martin Luther King Jr. and Mick Jagger.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
 
 
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