Exec: Hyatt got the boot after lending a hand with convention hotel equity - Kansas City Business Journal
A senior Hyatt official said he was surprised to learn a few months ago that KC Hotel Developers LLC was coming up $30 million to $40 million short on equity for the convention headquarters hotel project. Hyatt declined to fill that gap but put the developers in contact with a willing investor that, like Hyatt, ultimately was jilted.
Thursday, July 20, 2017
SHOCK!!! HYATT SEYZ KANSAS CITY CONVENTION HOTEL AROUND $40-MILLION SHORT OF FINANCING AT ONE POINT!!!
As our blog community has noted time and time again . . . City Hall is carrying most of the burden for this troubled project. Checkit: Behind the scenes deets on the jacked funding and strange cash games of the Downtown Convention Hotel . . .