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Stock Market & Financial Investment News

News Breaks
January 21, 2014
08:25 EDTKWKennedy Wilson acquires debt on Ireland hotel for $152M
Kennedy Wilson announced that the company completed the purchase of notes with an unpaid principal balance of approximately $310M secured by the Shelbourne Hotel in Dublin, Ireland. The company acquired the notes for $152M. The purchase price consisted of $70M of equity from the company and $82M in bank financing.
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August 18, 2014
07:35 EDTKWKennedy Wilson agrees to acquire Fairmont Hotel in St. Andrews
Kennedy Wilson announced that it has entered into an agreement to acquire the Fairmont Hotel, St Andrews, Scotland from SABD Holding Limited. The purchase price of approximately GBP 32.4M represents a price per key of c. GBP 155,000. The share acquisition is expected to complete in August 2014 and will be funded from the company’s cash resources.

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