| Goldman Sachs Group Inc.'sWhitehall Real Estate Funds restructured $1.42 billion of debt coming due on one of its largest hotel portfolios, the latest indication that property owners are working through some of their most troubled assets.
Under terms of the deal, the Abu Dhabi Investment Authority, the investment arm of the United Arab Emirates capital city, will inject $475 million into the portfolio, people familiar with the matter said. In exchange, the sovereign-wealth fund is receiving a preferred equity stake..............................................Full Article: Source
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