April 2005
Investment Dealers' Digest;4/25/2005, Vol. 71 Issue 16, p54
Trade Publication
The article presents information on investment banking in the field of real estate as of April 2005. A former owner of hotel chain Days Inn has been sentenced to eight years in prison. Monty Hundley, convicted in 2004 of defrauding creditors out of $100 million and of not paying taxes on income of $25 million, was ordered to pay $106 million in restitution to the creditors and $5.4 million to the U.S. Internal Revenue Services. In probably the biggest raid on banking real estate talent so far in 2005, Merrill Lynch & Co. Inc. bagged seven commercial real estate investment bankers from Citigroup, five to be based in New York and two in London. INSET: In The News.


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