X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAS VEGAS- Whitehall Street Global Real Estate Limited Partnership and Colony Capital LLC, owners of the 2,955-room Las Vegas Hilton, have signed a deal to extend the due date of the hotel’s $225-million mortgage loan to late 2012 with Gramercy Capital Corp. and Goldman Sachs Group Inc., the lenders.

The owners agreed to put up $22 million for paying past-due interest and other fees and in return, the lenders will obtain the aforementioned fees and escalating interest rates. For the full story, go to Wall Street Journal.


GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.