• Mona Lisa Condo Hotel Files...

    Mona Lisa condo hotel just became the latest condo hotel to file for Ch. 11 reorganization after a series of declines in occupancy and rental rates. Last month World Quest Resort suffered a foreclosure suit as developers struggle to keep their heads above water. The Mona Lisa condotel is a $70 million, 240-room condo-hotel which opened in early 2008. Only around 70, or 30 %, of the units have sold to date leaving Mona Lisa with about 170 units to sell. As of the petition date,[...]

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