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Innkeepers Loss Severity Could Hit 24%

Innkeepers USA’s agreement to sell 64 hotels for $1.02 billion could result in a loss of up to 24% of an $825.4 million mortgage securitized in two commercial mortgage-backed securities deals, according to Credit Suisse analyst Roger Lehman.

  • 21 Oct 2011

Innkeepers USA’s agreement to sell 64 hotels for $1.02 billion could result in a loss of up to 24% of an $825.4 million mortgage securitized in two commercial mortgage-backed securities deals, according to Credit Suisse analyst Roger Lehman.

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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1 BNP Paribas 4,486 16 13.62
2 Citi 4,347 16 13.20
3 Lloyds Bank 3,158 6 9.59
4 Morgan Stanley 3,066 8 9.31
5 Bank of America Merrill Lynch (BAML) 2,771 10 8.42

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 59,774.40 197 10.64%
2 JPMorgan 52,017.12 155 9.26%
3 Wells Fargo Securities 42,153.78 123 7.51%
4 Bank of America Merrill Lynch 41,657.82 137 7.42%
5 Credit Suisse 38,415.30 121 6.84%