It’s starting out to be a good day! Here is some news hot off the internet about my favorite sinking ship the worst hotel ever in an article called South Beloit Ramada’s future in the air. Below are the highlights:
South Beloit’s largest hotel is still accepting reservations despite the foreclosure notice filed by Chicago-based PMC Commercial Trust Bank.
The bank filed the notice in Winnebago County Circuit Court May 15, claiming the Ramada Inn and Conference Center, 200 Dearborn Ave., had defaulted on its mortgage payments and owes the bank $2 million.
Me and a few others have been waiting for these assholes to go under and this may be the start of them dying.
But the foreclosure also would affect the city since Ramada owner Serena Hospitalities owes about $26,000 in delinquent sewer bills, $33,000 in hotel taxes and the remaining $200,000 of a $400,000 low-interest loan.
Fuck the city of South Beloit. They should have never lent those cocksuckers money in the first place.
“We’re in a position like so many banks: People can’t make their payments,” Kirichkow said. “If they go out of business there’s no way of us recouping our money owed, or the chance would be very small. However, if they stay open, hopefully business would improve (and) they would be successful.”
I hope Kirichkow is smart enough to know business won’t improve at that hotel. It’s too late for that. They should count their losses and move on. Hopefully the property can be torn down and turned into a parking lot or something.
Officials from Serena did not return repeated calls for comment.
And this doesn’t surprise me. What are these dumb fuckers going to say? I think we should go back to the beginning for one of my favorite quotes from the owner to get perspective on their silence now:
“I’ve associated with friends and family’s hotels, but this is my first on my own,” Noor Tejany said. “I wanted to pick a hotel I would be proud of in the future. Once my plan is completed, I’ll be proud of this hotel.”
The guy has ruined two hotels so far. I hope he’s very proud. The one I worked at in South Beloit and the poor hotel in Indiana.
Here is another link to a new article about this topic called S. Beloit to discuss hotel’s liquor permit.