3 Roberts hotels sold at bankruptcy auction

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Associated Press

Posted on March 25, 2013 at 12:03 PM

Updated Monday, Mar 25 at 12:03 PM

ST. LOUIS (AP) — A hearing is set for April 3 in St. Louis to finalize the sale of three hotels owned by St. Louis-based Roberts Cos.

The St. Louis Post-Dispatch (http://bit.ly/1027TDt ) reports that the hotels were sold in a bankruptcy auction last week for a combined $5.2 million. The hotels are in Tampa, Fla., Spartanburg, S.C., and Marietta, Ga.

Six hotels owned by Roberts Cos. filed for bankruptcy last year after a $34 million lawsuit from Bank of America sought repayment on loans made to Roberts-owned entities that were in default. A Roberts-owned hotel in Houston sold last month for $2.1 million. The other two hotels are in Dallas and Shreveport, La.

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Information from: St. Louis Post-Dispatch, http://www.stltoday.com

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