As a pair of Tucson real-estate investors built an impressive hotel portfolio, they sought to bring local control to signature properties.
But they bought as property values were near their peak. And like thousands of Arizona homeowners, they borrowed too much for overpriced real estate, and found themselves unable to pay their bills.
Read the saga and struggles of Michael Hanson and Randal Dix in a story that runs exclusively in the print edition of Sunday's Arizona Daily Star.
Also only in print Sunday, columnist Greg Hansen offers his take on the Washington game and serves up his weekly dose of news and tidbits from the world of Tucson sports in his Sunday Notebook.
Pick up a copy of today's Star at all convenience, drug and grocery stores in the Tucson area or subscribe here. If you're outside Southern Arizona, order an electronic edition delivered to your inbox each day - complete with advertisements and useful search function.
Former Sam Levitz building sells for $8.6 million
