Seattle-based Washington Holdings paid $235 million for the hotel, a representative of the company said. It purchased a portion of a $70 million loan on the upscale Southern California hotel in Dana Point, California for a fraction of the price from an affiliate of Citigroup Inc (C.N).
The hotel was transferred to the Citigroup affiliate last year when the owner defaulted on payments for that loan.
Read More:
0 comments:
Post a Comment