AJ Capital Partners' Biltmore Hotel in Providence Set for Auction
1 report, 1 independent
Updated Wed 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The Biltmore hotel in Providence will be sold at auction on January 20, 2027, as collateral for a mortgage held by Acore Capital Mortgage. The building, which is currently home to The Graduate by Hilton Hotels, is owned by AJ Capital Partners. The auction is scheduled to take place in Manhattan.
From bostonglobe.com
Why it matters
A public notice stated that the unpaid mortgage balance was approximately $36.3 million as of September 1. This debt figure exceeds the property's assessed value of $28 million.
From bostonglobe.com
Who's involved
- AJ Capital PartnersOwner of the Biltmore hotel, which is now collateral for the mortgage.
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The entities involved
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AJ Capital Partners
private real estate company based in Nashville
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