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01-31-2013, 01:40 PM
  #4
Steve55
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Join Date: Aug 2005
Location: Burnaby, BC, Canada
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Quote:
Originally Posted by lorwood View Post
"Wang hotel's loan faces 'imminent default'"

http://www.newsday.com/business/wang...ault-1.4516253

Just to be clear the debt will in all probability be restructured so the Marriott and Wangs ownership of the hotel will in all likelihood continue.

I don't think it's far fetched to assume this was a factor in the move to Brooklyn

Lets all hope that Wang does not view the Marriott and the Islanders as tied to the hip and decide the best use of increased revenue from the team should be used to prop up other struggling ventures he is part of including his continued involvement in the HUB.

On the other hand maybe this is a factor in a decision to sell the team.

Which is fine by me.
I wouldn't be surprised if Monti buys the Long Island Mariott from Wang. He would need a hotel to complement his vision at Nassau Hub after the Isles leave.

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