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A New York judge has ordered the mortgage lender for the Aloft hotel near the Galleria to pay nearly $51 million to repurchase the hotel’s long-delinquent loan, all while the Aloft’s receiver works to stabilize its finances.
Aloft Houston by the Galleria’s loan servicer is now seeking additional financial information from its owners to determine a course of action, given that the hotel's ownership still had a $30.8 million loan balance as of February.