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.
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.
A partnership of Cerberus Capital Management and Chatham Lodging Trust ...Already a subscriber? Login