NAMA recovers value of London-hotels loans in €800m sale

The National Asset Management Agency (Nama) has sold the Claridges, Connaught and Berkeley hotels in London for €800m.

NAMA recovers value of London-hotels loans in €800m sale
Thu, 29 Sep, 2011 - 14:00

The National Asset Management Agency (Nama) has sold the Claridges, Connaught and Berkeley hotels in London for €800m.

Nama confirmed the sale of loans taken out by a group of Irish investors in 2005.

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CourtsNamaPlace: LondonPlace: BelfastPlace: SwitzerlandPlace: IrelandPerson: Paddy McKillenPerson: NamaPerson: Kyran McLaughlinPerson: Derek QuinlanPerson: DavidPerson: Frederick BarclayPerson: Mr QuinlanPerson: Andy WarholPerson: Jack B YeatsEvent: HalloweenOrganisation: NAMAOrganisation: National Asset Management AgencyOrganisation: ClaridgesOrganisation: Davy StockbrokersOrganisation: Maybourne Hotel GroupOrganisation: Maybourne Finance LimitedOrganisation: Allied Irish BanksOrganisation: Anglo Irish Bank
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