As the hospitality sector struggles to regain its footing, Blackstone skipped a payment on a $274 million hotel loan. The mammoth firm described the hotel deal as “a very small investment that had been written down prior to Covid-19 as a result of unique operational challenges,” the Financial Times reported. Blackstone added that it would work with its lenders and Club Quarters, the company managing the four hotels securing the loan, “to create the best
source https://therealdeal.com/2020/06/29/blackstone-misses-payment-on-274m-hotel-loan/
No comments:
Post a Comment