loans on three upscale hotels owned by Alexico Group for a combined total of $350 million to $400 million, industry sources said. It was unclear if Alexico had defaulted on one or more of the loans associated with the properties, which are the Mark Hotel on East 77th Street, the Alex Hotel on East 45th

with the proposed loan sale said prospective buyers would be interested in the mortgages only if they hoped to eventually foreclose on Alexico. An Alexico spokesman couldn't be reached for comment. Anglo Irish didn't have immediate comment. Alexico recently poured at least $100 million into renovating

loans on three upscale hotels owned by Alexico Group for a combined total of $350 million to $400 million, industry sources said. It was unclear if Alexico had defaulted on one or more of the loans associated with the properties, which arc the Mark Hotel on East 77th Street, the Alex Hotel on East 45th

with the proposed loan sale said prospective buyers would be interested in the mortgages only if they hoped to eventually foreclose on Alexico. An Alexico spokesman couldn't be reached for comment. Anglo Irish didn't have immediate comment. Mexico recently poured at least $100 million into renovating