Goldman Sachs Funds Loan to Kyo-Ya Hotels & Resorts

  Goldman Sachs Funds Loan to Kyo-Ya Hotels & Resorts

Business Wire

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.

Contact:

The Goldman Sachs Group, Inc.
Media:
Michael DuVally, 212-902-5400