|By Tyrone Richardson, The Morning Call
(Allentown, Pa.)McClatchy-Tribune Regional News
Sept. 21, 2012--A bank is threatening to foreclose on the Wingate by Wyndham hotel in Lower Macungie Township because of nonpayment on a multimillion dollar mortgage, according to court documents.
U.S. Bank National Association filed a complaint Wednesday in U.S. District Court in Philadelphia, claiming that Dorney Hospitality Inc., of Quakertown has not made payments on its more than $8.5 million loan since May 1, according to the document.
The hotelier owns the Wingate, a 105-room hotel at 4325 Hamilton Boulevard, according to its website.
Richard A. O'Halloran, an attorney for U.S. Bank National Association, is asking a federal judge to approve a foreclosure sale of the hotel. The hotel group signed a $9 million loan with JP Morgan Chase in 2007, according to the document.
Court documents claim Dorney Hospitality owes U.S. Bank National Association nearly $8.7 million, which includes default interest and late fees.
An owner of the hotel group, reached by telephone Thursday afternoon, deferred comment to the company's lawyer, Anthony J. Foschi, of Harrisburg. Foschi was not available for comment Thursday.
Dorney Hospitality bought the 3.7-acre property and its 62,000-square-foot building in 2006 for $8.8 million, according to Lehigh County tax records.
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