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

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International real estate investment and services firm Kennedy Wilson (NYSE: KW) 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.

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