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Bondholders Foreclose On Chicago Red Roof

Mar 31, 2010 9:07 AM

From ChicagoRealEstateDaily.com:
Suit Could Lead To Further Action Against Chain
A trustee for bondholders owed $484 million on a national portfolio of Red Roof Inns has filed suit against property in the Streeterville neighborhood of Chicago, in what could be a string of foreclosure cases against the highly leveraged budget hotel chain. Click here for the full story.

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