NEW YORK CITY-The $3 billion senior debts owned by Bank of America Corp. and Goldman Sachs Group Inc. on Hilton Worldwide is expected to be sold in the coming two weeks, a largest issuance of CMBS since the recession, which marks the revival of CMBS market.
In a separate announcement, Deutsche Bank and J.P. Morgan Chase & Co. are preparing to market their $2 billion debt on the hotel chain Extended Stay Inc. by the end of October 2010. For the full story, go to Wall Street Journal.
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