# O'Hare Hotel in EB-5 Foreclosure Crisis | Real Estate News

Page: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/o-hare-hotel-in-eb-5-foreclosure-crisis-real-estate-news
Text version: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/o-hare-hotel-in-eb-5-foreclosure-crisis-real-estate-news.md
Podcast: [Real Estate News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453)
Published: 2026-07-24T03:00:27+00:00
Episode link: https://sources.thednn.ai/7d16136f1358bddb
Audio file: https://api.fastcast.ai/audio/41adac60-79c8-4970-8343-e8d9de31b6e3.mp3
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Duration seconds: 94

## Resource

A Hyatt La Quinta near O’Hare is teetering on foreclosure after a $25 million construction loan went unpaid in 2022, leaving a $23 million debt tied to the EB-5 visa program. Developer Steven Wang used the 2014 loan to build the hotel, and now a New York attorney-linked LLC seeks a receiver to seize control. Complicating matters, a separate $7 million mortgage remains unpaid, and the hotel’s fate mirrors broader EB-5 failures across Chicago — where other hotels and developments are also facing foreclosure and investor losses, including the once-prized Westin O’Hare, sold for half its original price. This tangled web of international investment and U.S. real estate is leaving billions on the line. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/7d16136f1358bddb

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