The Hotel Market Check-In: Kerzner, Omni, IHG

Law360, New York (October 10, 2013, 3:23 PM EDT) -- Atlantis destination chain developer Kerzner International Holdings Ltd. is teaming up with Chinese financial giant Fosun International LTD planning  to build a 10 billion renminibi ($1.64 billion) new resort project in Hainan, China, Fosun announced Thursday. The project is expected to start construction later this year and be complete by 2016, after which Kerzner will act as the resort's manager, according to a statement.

Over in the U.S., meanwhile, Omni Hotels Corp. struck a $400 million loan deal with Prudential Mortgage Capital Co. to finance six...
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