YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The owner of more than 100 Marriott hotel properties is claiming the company is behind on payments.
The Service Properties Trust yesterday issued a letter to Marriott International seeking an $11 million advance to cover the payment shortfall.
Service Properties officials say Marriott is bound to pay a minimum return of $194.6 million annually through 2035 under the contract.
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