Three El Paso hotels owe $1.5 million-plus in unpaid taxes
The unpaid taxes are another black mark for TVO and its executives, who late last year were hit with a fraud lawsuit by an
TVO is a group of national real estate management and property-services companies based in
The hotels that owe the delinquent taxes are the
TVO, which had part ownership and managed the three hotels until recently, no longer has ownership or management of the hotels,
Elevation is a company affiliated with
ASI continues to be part of each of the investor groups that own the three hotels, an Elevation spokeswoman said in an email.
The city can try to collect the delinquent taxes from companies and partnerships that had ownership in the hotels when those taxes were due, and also can pursue new ownership for the late taxes, said
City officials in December sent a demand letter to the companies, listed as owners of the hotels in
The county does not know how much is owed by the hotels because the hotels self-report their county hotel taxes,
The city collects a 9 percent hotel occupancy tax on
The money, by
ASI and TVO officials declined to comment about the delinquent taxes or when TVO and TVO-affiliated companies divested their ownership and management interests in the hotels.
However,
"It would be inappropriate for EHM to comment on any outstanding tax issues (for the three hotels) on the part of the previous management or how they might choose to resolve those issues," the statement reads.
"EHM is committed to acting as a good corporate citizen and is eager to see these three properties play a role in
ASI in
ASI also has ownership in the
The hotel owes almost
Just over
The Courtyard by
The
TVO was in the spotlight in December when a fraud lawsuit filed against it came to light.
An
Martinez's lawsuit remains active in state court in
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