Daily Texas Property Tax News

Texas Property Tax Law Updates 11/27/2023

Posted by John Brusniak | Nov 27, 2023 | 0 Comments

Beleaguered Hotel REIT Once Again In Hot Water After Lenders Sue To Regain Control Of Properties
A Dallas-based real estate investment trust saddled with $150M worth of loan defaults is being sued by lenders in a bid to seize the company's distressed hotels. Morgan Stanley, Barclays and Bank of America are among the creditors requesting that a court-appointed receiver take over seven Ashford Hospitality Trust properties. Two of the hotels, the 152-room Courtyard Dallas Plano and the 126-room Residence Inn Dallas Plano/Legacy, are in DFW.

About the Author

John Brusniak

John Brusniak is the dean of Texas property tax litigation.  He was licensed to practice law in 1976,   His early career involved general litigation and appellate work in both the federal and state courts until he was handed his first property tax matter.  It arose prior to the implementatio...


There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment


Aenean lacinia bibendum nulla sed consectetur. Donec sed odio dui. Maecenas sed diam eget risus varius blandit sit amet non magna. Nulla vitae elit libero, a pharetra augue. Curabitur blandit tempus porttitor. Morbi leo risus, porta ac consectetur ac, vestibulum at eros. Cras justo odio, dapibus ac facilisis in, egestas.