Anglo Irish finance renovations

ANGLO IRISH BANK provided over $362m (€275m) in financing to Thor Equities to refinance and renovate the Palmer House Hilton Hotel in Chicago, it was announced yesterday.

Anglo Irish finance renovations
Sat, 16 Dec, 2006 - 00:00

At closing, Anglo Irish Bank held a $157.7m position in the deal and sold a $55m subordinate position to Apollo Real Estate Finance Corporation and a $150m senior position to CIBC.

The hotel will benefit from $117m in renovations.

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