The $13.68 million mortgage was granted in 2018, the same year the hotel was bought for $20 million. According to the complaint, the loan matured Dec. 31, 2022, and the full $13.68 million, plus interest and fees, is due.
The hotel includes the Layla restaurant, the Parasol snack bar and a rooftop pool. Totaling 25,931 square feet, the hotel was built on the 13,600-square-foot lot in 1934 and expanded in 2014.
Source: SFBJ