A lawsuit claims the developer of Peoria's Marriott Pere Marquette and Courtyard by Marriott hotels has defaulted on a $3-million loan.
The suit, filed by Main Street Land Trust in Peoria County Court, names developer Gary Matthews, his business partner Monte Brannan and other plaintiffs...including the City of Peoria.
Main Street Land Trust sold the property where the Courtyard by Marriott was built to Matthews.
City Manager Patrick Urich is quoted in the Journal Star as saying the city's interest in the issue is secure because of a mortgage it has on the property. Urich says this is a matter for Matthews and the seller to straighten out.