Las Vegas Sun NewsThe final bell has rung on a closely watched “tranche warfare” fight between senior and junior commercial mortgage bondholders seeking control of a Las Vegas Marriott. The bondholders settled their year-long battle over a boom-era mortgage on the JW Marriott Las Vegas Resort & Spa, ending litigation triggered by an offshore firm’s attempt to wrest control of the property from its junior position in the bond hierarchy.
Las Vegas Marriott CMBS ‘Tranche Warfare’ Case Settled
(via Wall Street Journal) · March 15, 2013 · 1:23 PM
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