Troubled W Scottsdale Hotel now faces foreclosure | azcentral.com

The bank that financed the new W Scottsdale Hotel and Residences has begun foreclosure proceedings, the latest in a string of legal and financial woes for the high-profile project. HSH Nordbank, a German lender, filed a notice of trustee's sale, the legal precursor to a forced sale of the 224-room property near Scottsdale Fashion Square. A public auction is scheduled for April 15, unless the matter is resolved before then or the auction is...