The Goldman Sachs Group, Inc. (NYSE: GS) today announced that on November 9
, 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.