Goldman Sachs Funds Loan to Kyo-Ya Hotels & Resorts
NEW YORK -- November 13, 2012
The Goldman Sachs Group, Inc. (NYSE: GS) today announced that on November
9^th, Goldman Sachs Mortgage Company, a subsidiary of GS Bank USA, funded
$1.85 billion of first mortgage and mezzanine loans secured by a portfolio of
hotels owned by Kyo-Ya Hotels & Resorts, LP.
These loans refinanced and repaid the prior indebtedness relating to the
portfolio comprised of: the Sheraton Waikiki, the Westin Moana Surfrider, The
Royal Hawaiian and the Sheraton Princess Kaiulani, each located in Honolulu;
the Sheraton Maui Resort & Spa, located in Lahaina, Hawaii; and, The Palace
Hotel, located in San Francisco.
The Goldman Sachs Group, Inc. is a leading global investment banking,
securities and investment management firm that provides a wide range of
financial services to a substantial and diversified client base that includes
corporations, financial institutions, governments and high-net-worth
individuals. Founded in 1869, the firm is headquartered in New York and
maintains offices in all major financial centers around the world.
The Goldman Sachs Group, Inc.
Michael DuVally, 212-902-5400
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