Seeking Alpha

Goldman teams to buy 144 U.K. hotels

  • Goldman Sachs (NYSE:GS) and Goldentree Asset Management acquired Travelodge Hotels in a debt restructuring in 2012, and today agree to buy 144 hotels leased to the company in a deal valued at about $830M. Among the owners is Lloyds (NYSE:LYG), which is busily shedding noncore assets.
  • The budget-hotel chain operates 500 hotels and 38K rooms in the U.K., Ireland, and Spain. It has been busily renovating its properties in hopes of improving profitability.
Comments (1)
  • SpoiledRottenBrat
    , contributor
    Comments (730) | Send Message
    Goldman Sachs has $1.5 Trillion under management worldwide and are domiciled in many tax havens.



    We have a US based broker (member FINRA/SIPC) in Texas that will take on an Anguilla, Cayman or Bahamian registered company account where you can trade the US stock markets free of capital gains taxes just like Goldman Sachs (and many other NY Banks - Bank of NY Mellon, etc.) does in the Cayman Islands.
    20 Aug 2014, 07:51 AM Reply Like
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