Fenway Hotel Developer May Face Foreclosure

RBC Bank filed a lawsuit Friday against George Rahdert and two of his companies who have yet to repay over $8 million in loans and interest. Rahdert was renovating the Fenway Hotel in Dunedin, planning on re-opening the historic waterfront hotel as a high end Jazz age retreat. Rahdert purchased the 6.4 acre property on Edgewater Drive in 2006. Last year a deal to sell it to Robert Masson fell through and Rahdert has filed a lawsuit against him. Rahdert may be hoping news of the foreclosure suit will lead to a new investor. Several local businessmen have expressed interest in the property.