Comments on: Dubai’s W Hotel-Union Square Sold for $2M

By: Biken Subba

Biken Subba — Wed, 27 Oct 2010 11:31:50 +0000

Now, the hotel shouldn’t have been sold for a mere 2 mills. They completely overlooked the alternatives.

By: The Leverage Effect « Alpha Dinar- talking GCC finance

The Leverage Effect « Alpha Dinar- talking GCC finance — Sun, 07 Mar 2010 21:34:38 +0000

[...] in December 2009, Keynesian wrote an article titled Dubai’s W Hotel-Union Square Sold for $2M where Istithmar World PJSC was forced to accept $2M for its W Hotel in New York at a foreclosure [...]

By: Yacoub

Yacoub — Fri, 11 Dec 2009 21:35:14 +0000

Wow, that’s bad. I hear that Dubai government has been placing a very tight sensorship on media lately. And of course putting all blame of their suck up on thee media.

By: peteyb

peteyb — Thu, 10 Dec 2009 22:08:41 +0000

leverage is like a carrot or a cucumber (depending on where you’re from). also with that 2MM they are liable for the remainder of the debt as you noted although it is most likely non-recourse.

By: Ra'ad

Ra'ad — Thu, 10 Dec 2009 16:58:40 +0000

“W” for “Woe” (distress or grief)