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0 0.00107874865156435 0.00215749730312852 0.00215749730312852 0.00107874865156435 0.005393743257821 0.00215749730312852 0.00323624595469268
Stock impact report

Santander Sells Hotel Loans to Take Advantage of Tourism Rebound [Yahoo! Finance]

Banco Santander, S.A. Sponsored ADR (Spain) (SAN) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Nvidia Rout Takes Breather as Traders Scour Charts for Support BuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones' Jain Global Raises $5.3 Billion, Secures Cash From Abu Dhabi How Long Can High Rates Last? Bond Markets Say Maybe Forever Wikileaks' Julian Assange to Plead Guilty, Ending Yearslong US Battle Spain's biggest bank this month sold around €300 million ($321 million) in hotel loans to credit investor Polus Capital Management, according to people with knowledge of the matter. The loans had previously been refinanced or were unlikely to pay. The lender is also considering disposing of a portfolio of commercial real estate assets that includes office buildings and hotels, the people said, asking not to be identified because the negotiations are private. This deal is expected to be of a similar size. Representatives from Banco Santander and Polus declined to comment. Santander is trying to take advantage of a rebound tourism Show less Read more
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