Following a cancellation of a bankruptcy-scheduled auction last week, the Government of Singapore Investment Corp., known as GIC, appears headed to be the new owner of four luxury hotel resorts. GIC was deemed the successful bidder with a $1.5 billion offer to acquire the resorts from MSR Resort Golf, which has been operating under Chapter 11 bankruptcy protection since February 2011. An auction had been scheduled to determine whether another buyer...
via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Gov-of-Singapores-$15-Billion-Bid-for-Four-US-Resorts-Holds-Up-in-Bankruptcy-Court/143940?ref=/News/Article/Gov-of-Singapores-$15-Billion-Bid-for-Four-US-Resorts-Holds-Up-in-Bankruptcy-Court/143940&src=rss
via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Gov-of-Singapores-$15-Billion-Bid-for-Four-US-Resorts-Holds-Up-in-Bankruptcy-Court/143940?ref=/News/Article/Gov-of-Singapores-$15-Billion-Bid-for-Four-US-Resorts-Holds-Up-in-Bankruptcy-Court/143940&src=rss
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