Cerberus Capital Management LP and Chatham Lodging Trust terminated their agreement to buy 64 hotels from Innkeepers USA Trust for $1.1 billion, citing a possible adverse change in the business.
Monday, August 22, 2011
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2 comments:
yow, the servicer is being asked for 1.6 million in legal fees on top of the 40+ they've already advanced.
Sounds like it might be back in play with Five Mile Capital according to BarCap's report earlier today.
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