 This loan was refinanced in 1989 by Manhattan Tops USA of New York for $136.5 million and again in 1994 by The Sumitomo Bank of Japan.By 1996, this mortgage was in default and the interest and penalties brought the total debt to $214.8 million.By splitting this mortgage note into three parts, Sumitomo Bank was able to unbundle The Ritz-Carlton Boston from the trademark rights to the Ritz-Carlton brand worldwide.