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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Compliance/Regulation/Legal

Singapore joins the resort fray

Posted on 23 February 2011

From WSJ: Vying for a role in the restructuring of well-known luxury resorts in bankruptcy court, an affiliate of the Government of Singapore Investment Corp. is setting the stage for a potential battle with a group including hedge-fund firm Paulson & Co. and Winthrop Realty Trust.
In court papers filed Monday, the Government of Singapore Investment Corp., or GIC, spelled out a $1.48 billion offer it has made to acquire the properties, which include the Claremont Resort and Spa in Berkeley, Calif., and Hawaii’s Grand Wailea Resort Hotel & Spa in Maui………………………………………..Full Article: Source

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