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Lehman Forecloses on Ritz-Carlton Kapalua

Sep 7, 2010 11:21 AM

From emii.com
Owners Fail to Pay $255 Million Mortgage
Lehman Brothers is foreclosing on a resort owned by a venture of Gencom Group and Goldman Sachs’ Whitehall Street Global Real Estate, The Wall Street Journal reports. Ritz-Carlton will continue to manage the Ritz-Carlton Kapalua resort located in Hawaii after the foreclosure. Click here for the full story.

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