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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2 Citi 4,347 16 13.20
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4 Morgan Stanley 3,066 8 9.31
5 Bank of America Merrill Lynch (BAML) 2,771 10 8.42

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