Denver’s Nativ Hotel owner files for Chapter 11 protection in an attempt to lessen foreclosure. Additionally, a nightclub business wishes to operate in the city.
In Denver’s own LoDo district, Nativ Hotel offers modern style, luxury, and impressive five-star service. Rooted primarily in its local heritage, the hotel caters specifically to travelers and elites from Denver.
Nativ Hotel's Debt Burden
The Denver Post reports that the downtown hotel owes a total of $9.61 million to four creditors.
Nativ owes Pangea Mortgage Capital, a Chicago-based real estate firm, $8.07 million. They occupied a four-story building at 1612 Wazee St., while assets are also included in the loans.
Hotel co-owner Amin Suliaman said that the business aims to exit the property, but they plan to...