Saturday, July 2, 2011

Westgate secures funding for Planet Hollywood Towers - Orlando Business Journal:

http://invest-ment.com/dolgo.html
Textron says it partnered witha co-lender and other participants to provide the funding for constructiojn of the Planet Hollywood Towers by Westgatr in Las Vegas. The 50-story time-share propert is scheduled to open infall 2009. It will be locatedd on the Las Vegas strip with direct acces s tothe & The loan closing and initial funding, which occurrer Sept. 20, was the Textron'a (NYSE: TXT) largest deal with Westgate sincd they started working togetheein 1991, and the largest transactionn in the history of its Resorg Finance Division. In a statement, David Siegel, CEO and presidentg of Westgate Resorts, says he considers Textron a businessz partner rather than justa lender.
Westgatd was founded in 1982. It is the largest privatelty held time-share company in the world. Westgate Resorts parentt company, (CFI) was founded in 1970 as a real estatsedevelopment firm. CFI now operates hotel, magazine, real estate, travel services and Internety companies.

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