HST Completes Union Square Takeover - Zacks
2010-08-31
A recent favorable bankruptcy court ruling paved the way for the acquisition of W Union Square, a premium luxury hotel in New York, by Host Hotels & Resorts Inc. (NYSE: HST), the largest lodging real estate investment trust (REIT) in the U.S. A bankruptcy petition was filed in March 2010 by a junior mezzanine lender alleging that the hotel owed about $100 million to its creditors.
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