Know about breaking news as it happens. Carr will oversee all educational programs, business services, online classes and streaming performances for all three Second City locations, including Toronto and Hollywood. newsletter, Three more employees in Cook County chief judge’s office test positive for coronavirus, Illinois health officials report 6,190 new cases of COVID-19, 85 new deaths, Chicago 911 dispatcher gets a final salute, McRib sandwich returning to McDonald’s on Wednesday; free sandwich contest announced, North Shore butcher who made $3.7M from illegal gambling business gets one year in prison, Thanksgiving dinner guest stabbed man to death in fight over table manners: prosecutors, Second City names Jon Carr new executive producer, Coronavirus restrictions force 49ers to move two home games to Arizona. It is unclear when the hotel will reopen its doors, if ever. The owner of the historic Palmer House Hilton has been sued for almost $338 million in missed loan payments, in the largest Chicago foreclosure case to emerge from the coronavirus pandemic. But experts said the Palmer House’s problems demonstrate the financial pressure all hotel owners face. Experts say the problems afflicting Chicago’s second-largest hotel illustrate the pressures now common in the lodging industry. The owners often are investor groups, not the major chains such as Hilton or Marriott that have their names on a property but only as operators. Hilton Bonus Bonanza – 43,202 Points For A Night! READ MORE: Hilton Honors Rate & Bonus Points And Miles Promotions. With a foreclosure suit filed against its owner, the Palmer House Hilton hotel has become the most prominent Chicago victim of the collapse of the lodging industry due to the pandemic. The San Francisco 49ers will play two home games in Arizona after new coronavirus regulations put in place by officials in Northern California forced the team to find a temporary new home. Overall hotel occupancies in the downtown area are running at about 20%, according to data from STR as provided by the association. It also said there’s a $94.4 million mezzanine loan on the property. A mezzanine loan is a higher-interest form of debt subordinate to the mortgage. With a foreclosure suit filed against its owner, the Palmer House Hilton hotel has become the most prominent Chicago victim of the collapse of the lodging industry due to the pandemic. A painful example of how the industry has struggled amid the pandemic is the Palmer House Hilton in Chicago. The lawsuit said Thor owes $337.8 million on the mortgage, counting principal, interest and penalties. Businesses and consumers always first cut their travel expenses when the financial situation worsens, and we are hit with a recession. The second-largest Chicago hotel, the Palmer House at 17 E. Monroe St. depends on conventions and business travel that have largely dried up during the struggle to contain COVID-19. The Palmer House has been closed since early in the pandemic and, according to a Hilton Hotels spokeswoman, has not set a reopening date. Wells Fargo Bank, trustee for the holders of securities that include the Palmer House loan, filed the suit Aug. 20 and asked the court to appoint a receiver for hotel operations. A mezzanine loan is a higher-interest form of debt subordinate to the mortgage. The Bears have been absolutely awful on offense the last two seasons, and it’s hard to see an alleged offensive guru keeping his job when they start cleaning up this mess at the end of the season. 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