March 17 (Bloomberg) -- Fontainebleau Miami Beach owners Dubai World and Jeffrey Soffer, chief executive officer of Turnberry Ltd., offered the resort’s lenders a debt- restructuring plan that includes $100 million of new equity, according to three people with knowledge of the talks.
The Fontainebleau, which served as a backdrop for the “Scarface” and “Goldfinger” movies, borrowed more than $620 million to help fund renovations and hasn’t made loan payments since September, said the people, who asked not to be named because the talks are private. Dubai World, half-owner of the resort, is leading negotiations with lenders, the people said.
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