Oct 28, 2010

Historic Yorktowne Hotel owners surprised by filing

(YDR) The owners of the Yorktowne Hotel had been attempting to amend the terms of its loan with PNC Bank when they received a surprise.
On Friday, the bank filed a complaint with the York County Court of Common Pleas that York Hotel Group had defaulted on its loan and owes $5.26 million, which includes the principal, interest, attorneys' fees and late fees.
The bank has scheduled that the historic hotel be sold at sheriff's sale at 2 p.m. Feb. 7. Continued

Image of Yorketowne Hotel by Nightening