Hilton Hotel Sale Amid $50M Debt Crisis | Jackson News

A Hilton Hotel on East County Line Road is poised for a dramatic change in ownership after being sold at auction for $6.3 million to Abdullah Qureshi — a steep drop from the original $49 million loan that led to foreclosure. The property’s previous owner defaulted in February 2023, ballooning debt to over $55 million by last November. A court-appointed receiver pushed for the clean sale to ensure the new owner can start fresh, with a final decision pending this month. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2c615bbbb398aa38