The foreclosure may wipe out $227.5 million in mezzanine debt held by a UBS AG fund as well as $250 million in equity that Morgan Stanley and its partners put into the property, the
newspaper reported.
Wednesday, September 2, 2009
Maui Prince Hotel headed to foreclosure
The 310 key Maui Prince Hotel in Hawaii ($192.5mm in UBSCM 2007-FL1) is going into foreclosure.
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