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Entries tagged "Innkeepers USA Trust"

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Approval of Innkeepers settlement clears sale's path

The bankrupt hotel operator will sell 64 properties to affiliates of Cerberus Capital Management and Chatham Lodging Trust for $1.02 billion Continue reading

Posted on October 21, 2011 5:00 PM




Cerberus, Chatham back as Innkeepers hotel buyers

Bankrupt Innkeepers USA Trust reached a settlement with affiliates of Cerberus Capital Management LP and Chatham Lodging Trust on Wednesday, Oct. 12, that will allow the sale of the company's 64 hotels to be completed to those entities for a... Continue reading

Posted on October 12, 2011 4:54 PM




Cerberus Capital up to old tricks

The fight is reminiscent of the New York buyout shop's decision in 2007 to abandon its $6.6 billion purchase of United Rentals Inc. Continue reading

Posted on September 27, 2011 3:10 PM




Walking and talking

Cerberus is claiming an MAE to get out of its deal for Innkeepers USA. But could it just be looking for a better price? Continue reading

Posted on September 18, 2011 8:00 PM




Innkeepers sues Cerberus, Chatham after pullout

Innkeepers USA Trust has struck back after the collapse of the sale of 64 of its 71 hotels, lodging a lawsuit against affiliates of Cerberus Capital Management LP and Chatham Lodging Trust.The hotel owner on Monday, Aug. 29, sued Cerberus... Continue reading

Posted on August 30, 2011 11:04 AM




Not over yet

The bankruptcy boom may be slowing down, but some advisers are still increasing their caseloads. A foreign presence helps. Continue reading

Posted on November 24, 2010 12:09 PM






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