23.02.2011 - Singapore joins the resort fray
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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