Union Properties Swaps Marriott Hotel for Debt at Emirates NBD

(Corrects bank name spelling in headline.)

Hotel Renaissance sold to a developer after being about 78 percent completed, Union Properties general manager Ahmed al Marri said in an interview without being more specific. * Marriott courtyard 60 percent complete * Co. to build 135 homes, apartments, townhouses in Green Community expansion * Co to fund Green Community itself * Co. doesn’t need to raise more money this year, may in 2014: al Marri

To contact the reporter on this story: Zainab Fattah in Dubai at zfattah@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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