DoubleTree owner denies hotel is in foreclosure

Shafik Tejani, managing partner at the DoubleTree by Hilton Midland Plaza forcefully denied reports Friday that the downtown hotel was in foreclosure. “It is not in foreclosure. There is no big sign in front of the property,” he told the Reporter-Telegram in a telephone interview. “Ownership is still in control of the property.” The bank servicer working with Tejani’s company was required to follow legal proceedings and file a statement with the State of Texas that it had the right to foreclose on the hotel. That notice included a notice...