Kennedy Wilson Buys Dublin Hotel Debt, Calif. Office Complex

Law360, New York (January 21, 2014, 2:14 PM EST) -- California-based real estate investment firm Kennedy Wilson Holdings Inc. has bought the debt on the landmark Shelbourne Hotel in Dublin, Ireland, for $152 million and bought a Class A office complex in Pasadena, Calif., for $39 million, it announced Tuesday.

Kennedy Wilson said in a statement that it had completed a $152 million purchase of notes with an unpaid principal balance of about $310 million secured by the posh Shelbourne Hotel in Dublin, Ireland. The purchase price consisted of $70 million in equity from the company...
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