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Innkeepers, Cerberus/Chatham Reach New Deal on 64 Hotels

CoStar News
October 20, 2011 | 2:10 AM

Innkeepers USA Trust reached an updated agreement with Cerberus Series Four Holdings LLC, Chatham Lodging Trust and others that clears the way for the sale of 64 Innkeepers hotels with 8,400 rooms to a Cerberus-Chatham joint venture for approximately $1.02 billion.

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