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Cerberus Ending Deal to Buy Innkeepers’ Hotels

Aug 22, 2011 11:24 AM

From Bloomberg
Cerberus Ending Deal to Buy Innkeepers’ Hotels
Cerberus Capital Management LP and Chatham Lodging Trust (CLDT) terminated their agreement to buy 64 hotels from Innkeepers USA Trust for $1.1 billion, citing a possible adverse change in the business. The firms agreed to the transaction in June as part of Innkeeper’s bankruptcy reorganization. Click here for the full story.

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