From the New York website: Goldman Sachs opted out of a deal to sell 149 U.S. hotels to Moody National, for $1.73 billion.
An increase in funding costs is to blame for the decision, according to a spokesperson from Moody National REIT I, a non-traded real estate investment fund. The potential acquisition deal was disclosed in a regulatory filing in May. The seller wasn’t disclosed at that time. [more]