Cerberus/Chatham selling 11 Innkeepers hotels

Bookmark and Share
 

16 December 2011
By Shawn A. Turner
Finance Editor
Shawn@HotelNewsNow.com
Story Highlights
  • The hotels that are being marketed represent 1,246 rooms.
  • Nine of the former Hampton Inns and Residence Inns operate under the Stay Inn and Guesthouse Suites names.
  • “Divesting these hotels will allow us to focus our full attention on those strategic assets that we believe will yield the highest returns,” Chatham CFO Dennis Craven said in an email.

The hotels for sale comprise current and former Hampton Inn and former Residence Inn properties.
Want to continue reading? This exclusive content is available only to paid subscribers of the Hotel Investment Barometer.

The Hotel Investment Barometer is brought to you by HotelNewsNow.com, a division of STR. The Barometer provides subscribers with the latest hotel real-estate transaction news, including information from city and county records, SEC filings and other sources.

The Hotel Investment Barometer, which will predominantly cover the U.S. hotel transaction market, provides in one spot the status of two dozen metrics that real-estate pros need to know. Also included: a listing of some of the latest transactions, hotel openings, foreclosures and signed management contracts.
Already a subscriber? Please login below.
Log In

Forgot username or password?
Having trouble subscribing?

Not a paid subscriber to the Hotel Investment Barometer? If you are already a registered member on HotelNewsNow.com, please log in below. If not, please proceed directly to the registration page. HyperLink

Click here to purchase a Hotel Investment Barometer subscription
(you will be directed to the STR/STR Global secure servers to purchase).

Click here to view sample content from the Hotel Investment Barometer.