The hotel has faced continued financial pressure as its operational and financial performance has not improved enough to cover the second-lien debt payment, according to S&P. (Zach Thoms/Community Impact) S&P Global Ratings lowered the rating on a portion of the Conroe Local Government Corp.’s hotel debt to “D” after the…
Original Article: https://www.newsbreak.com/community-impact-houston-512982/4621156830773-sp-lowers-conroe-hotel-bond-rating-to-default-after-missed-interest-payment
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