A scheduled foreclosure sale of the Wyndham Jacksonville Riverwalk Hotel was canceled Thursday and will be rescheduled, according to court records.
The sale had been ordered in November by Duval County Circuit Judge Lawrence Haddock after finding that the hotel’s owner, a partnership called Riverwalk Hotels LLC, was in default on $34.1 million in mortgage principal, interest and fees.
Property records show that Riverwalk Hotels bought the Southbank hotel in 2001 for $21.05 million.
The foreclosure lawsuit was brought in 2010 by GECMC 2007-C1 Prudential Drive LLC, an affiliate of LNR Partners LLC in Miami Beach.
Attorneys for Riverwalk Hotels and GECMC did not respond to phone calls Thursday seeking information on why the foreclosure auction was postponed.
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