That’s bad news for properties like the Partridge Inn, a historic 143-room hotel that’s 60 days delinquent on its $15 million mortgage, according to an Oct. 19 report compiled by Wells Fargo & Co.
A representative for the owner -- listed in property records as Partridge Inn DE LLC -- declined to comment.
At least two more Augusta hotels are delinquent on loans that have been packaged into commercial mortgage-backed securities, data compiled by Bloomberg show. Several others are on servicer watch lists.
Even with the 2020 Masters rescheduled for this week, the fan-free status of the Masters means almost none of the normal demand for hotel rooms. Just one of many economic victims of this dreadful pandemic.