NEW YORK CITY-Real estate funds of Goldman Sachs Group Inc. are battling to hold on to their big hotel portfolios acquired during the property growth. One of the Goldman funds bought a $94 million loan bound to a portfolio of 105 hotels acquired in 2006.
Other bidders are also trying to foreclose and take possession of the Tharaldson portfolio when the $800-million debt matures in April 15. Now, Goldman has to look for lenders to refinance the debt. For the full story, go to Wall Street Journal.
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