Ruling Delays Battle Over JW Marriott in Las Vegas
From Las Vegas Review-Journal:
Hotel Was Victim of Rate Compression
A court battle to control the $160 million mortgage on the JW Marriott Las Vegas in Summerlin -- and ultimately perhaps the hotel itself -- will remain on hold for as long as a month. On Wednesday, a trial court judge in New York ruled that a group of investment funds lack legal standing to stop another investor from buying them out, then dissolved a temporary restraining order that had stalled the deal. Click here for the full story.
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