Clifton Park hotel, managers accused of failing to pay $1.36M debt
CLIFTON PARK The managers of a Comfort Inn in Clifton Park owe Uncle Sam more than $1.36 million, according to a criminal complaint filed April 12 in U.S. District Court in the Northern District of New York.
The U.S. Small Business Administration is accusing Clifton Park Hospitality LLC and three of its managing members of failing to pay debt owed from a loan it promised to pay in 2006. In addition to the LLC, which was created in 1990 and does business as the Comfort Inn on Fire Road, the following managers were also named in the complaint: Chetan Patel, Magan Patel and Dalpat Patel.
None of the Patels could be reached Thursday. A Comfort Inn receptionist said they are rarely on hotel property.
In October 2006, the Patels signed separate promissory notes to the SBA stating they would pay $1.367 million at an interest rate of 5.4 percent. The last voluntary payment was made in December 2011, according to the complaint.
Debt owed to the SBA as of Nov. 27, 2012, totals more than $1.3 million with interest.
“Demand has been made upon the defendants for payment of this debt, and they have neglected and refused to pay,” the complaint stated. “Interest accrues on the principal amount of this debt at the rate of $181.43 per day.”
Apparently the claim arose from a loan made through the Long Island Development Corporation (now the Empire State CDC) through the SBA’s Certified Development Corporation business loan program.
The U.S. is seeking the debt incurred so far, as well as any pre- and post-judgment interest accrued.
The complaint was filed by Syracuse attorney William F. Larkin and sent to U.S. Attorney Richard S. Hartunian.