Springfield, MO

Log in Subscribe

Property owner claims Marriott behind on payments

Posted online

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.

Read more from Fox Business.


No comments on this story |
Please log in to add your comment
Editors' Pick
Halloween biz: frightful trick or unexpected treat?

With COVID-19 still present in the Ozarks, there have been changes to make celebrating still possible but with safety in mind.

Most Read