A SALE DATE HAS BEEN SET ON THE FORECLOSURE OF THE SCOTTS VALLEY HILTON, FOR AN UNPAID DEBT OF 16.8 MILLION DOLLARS. THE OWNERS OF THE 187-ROOM HOTEL, THE INN AT SCOTTS VALLEY L.L.C., OBTAINED A 17-MILLION DOLLAR LOAN IN 2005 FROM GERMAN AMERICAN CAPITAL CORPORATION. ACCORDING TO A DEFAULT NOTICE FILED WITH THE COUNTY, 1.2 MILLION DOLLARS WAS OWED AS OF LATE JULY. 582 HOTELS ARE IN DEFAULT OR FORECLOSED STATEWIDE.
