Innkeepers preps for possible bankruptcy: sources
The firm, which was bought out by Apollo Investment Corp in 2007 in a $1.5 billion deal, has hired law firm Kirkland & Ellis and investment bankers Moelis & Co to advise it on restructuring, these people said.
The Palm Beach, Florida-based trust is preparing for all restructuring contingencies, including a possible bankruptcy, these people said, asking not to be named because the information is not public.
Innkeepers did not return several calls seeking comment on Tuesday.
(Reporting by Emily Chasan; Editing by Gary Hill)