• Dune buys Mark Hotel

Dune Real Estate Partners is reported to have acquired the $300m mortgage on the Mark Hotel in New York for $190m, giving it control of the property.

The group acquired the debt from Anglo Irish Bank, with, the Wall Street Journal reported, competition from parties including Starwood Capital. Dune will work with developer Alexico Group to continue repositioning the hotel.

See the full story here:
http://online.wsj.com/article/SB10001424052748703818204576206982758223002.html?KEYWORDS=mark hotel

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