Carlton Closes Four Seasons Milan Recap

Carlton Chairman, Howard L. Michaels has announced the closing of a 250 million euro ($321.3 million) recapitalization and discounted loan payoff at the Four Seasons Hotel in Milan, Italy. The Four Seasons Milan is comprised of 114 luxury rooms with 51 suites, two five-star restaurants, a high-end spa and a prime high-street retail store in the heart of the Montenapoleone district of Milan.

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