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Four Seasons In Trouble

Turns out the Four Seasons Hotel and Private Residences are in a little bit more trouble financially than they originally let on. They apparently defaulted on their construction loan back in 2009, which they only revealed today in a press release, and the situation isn't really helped much by lagging condo sales. All the nitty gritty financial details are now available, and the outlook isn't too great. [Seattle Times]