Kennedy Wilson Buys The Ritz-Carlton and The Ritz-Carlton Residences in Lake Tahoe

International real estate investment and services firm Kennedy Wilson

today announced that the company and its partners acquired The Ritz-Carlton, Lake Tahoe and The Ritz-Carlton Residences, Lake Tahoe from the property's lenders. Pacific Western Bank provided $45 million of financing. The company invested $18 million of equity in the transaction for a 50% ownership interest.