VMS HOTEL <VHT> INCREASES LOAN TO HOTEL
VMS Hotel Investment Trust said it
committed to fund a 1,029,600 dlr short-term loan increase for
capital improvements in the Omni Park Central Hotel in New
York.
    The secured loan will increase a previously announced
commitment to 5,154,600 dlrs from 4,125,000 dlrs. The total
loan will have a term of one year with an option to extend for
another one-year term.
    Current interest and loan fees are expected to produce an
annualized yield of 14.43 pct, VMS said.
 Reuter
