From Reuters
Innkeepers Ends Dispute, to Sell Hotels for $1 Billion
Bankrupt Innkeepers USA Trust agreed to sell 64 of its hotels to Cerberus Capital Management LP CBS.UL and Chatham Lodging Trust for $1.02 billion, ending a bitter two-month dispute after the buyers called off an earlier deal at a higher price.

Innkeepers said in a statement that it planned to modify its reorganization plan, approved in June by the U.S. Bankruptcy Court in Manhattan, to allow the sale, which would enable it to emerge from Chapter 11.

Innkeepers had sued Cerberus and Chatham in August over their decision to back out of a May 16 agreement to pay $1.12 billion for the hotels, including $700 million of debt. The parties postponed a trial earlier in October as settlement discussions got underway. Click here for the full story.