(Read more on the debt and equitymarkets.)
LAS VEGAS-Although Hollywood has taken a sabbatical, with thewriter's strike, Planet Hollywood Towers is moving forward. Theproject picked up a $400-million construction and development loanlast month and the adjacent Planet Hollywood Hotel & Casinowill have its star-studded grand opening Nov. 15.
Orlando-based Westgate Resorts Ltd., a national leader in theresort and timeshare industry, closed on the loan, which wasarranged by Providence, RI-based Textron Financial Corp. Accordingto a company statement, Textron is also providing through asubsidiary, "presales and receivables financing for the projecttotaling approximately $250 million."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
