The owner of the DoubleTree by Hilton Hotel & Miami Airport Convention Center allegedly hasn’t made mortgage payments since April 2020. So now the lender is looking to collect nearly $33 million in outstanding debt.
The lender, a commercial mortgage-backed securities trust represented by an affiliate of Miami-based Rialto Capital Advisors, filed a foreclosure lawsuit in Miami-Dade Circuit Court against AFP 103 Corp. The entity is managed by executives of New York-based real estate investment firm United Capital Corporation.