Wednesday, April 21, 2010

Innkeepers USA loan in special servicing

NEW YORK, April 20 (Reuters) - An $825.4 million loan on 45 hotels owned by Innkeepers USA Trust was transferred to the care of a special servicer, Fitch Ratings said on Tuesday, a week after Innkeepers said it had missed debt payments.


The portfolio was transferred to Midland Loan Services for special servicing, Fitch said. Innkeepers could not be reached for comment on Tuesday.

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