CHICAGO - The trustee who represents investors holding $98 million of St. Louis convention center hotel debt has put off the foreclosure sale of the property by one week, with the auction now set for Monday.

Ahead of the possible sale, UMB Bank NA will hold a conference call for bondholders tomorrow to provide an update on the hotels and the scheduled auction. UMB published a notice in a local publication last month providing the legal step needed to foreclose and sell off the property on Feb. 2 if no other solution was reached.

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