Singapore Government offer more loans to bankrupt resorts

BusinessWeek, 2 Feb 2011The Grand Wailea Resort Hotel & Spa in Hawaii and four other luxury resorts in bankruptcy received two competing loan offers, one from the Singapore government, a lawyer for the properties’ owner said.Paulson & Co., a New York-based hedge fund that seized the resorts in a foreclosure auction last week, offered the other loan with Five Mile Capital Partners LLC, said Paul