NEW YORK (Reuters) - Cerberus Capital Management and Chatham Lodging Trust have reached a tentative agreement to buy bankrupt Innkeepers USA Trust at a lower price than an earlier deal that fell apart, a source close to the talks said.
Cerberus and Chatham would acquire the bankrupt hotel operator for about $1 billion in a deal that could become official as soon as Thursday, according to the person, who spoke anonymously because talks are private.
The parties are confident the deal will get done, though it is not official and could still fall apart, the person said.
The agreement would avoid a trial scheduled for next week over a decision by Cerberus and Chatham to walk away from a previous agreement to buy Innkeepers for $1.12 billion.
The discounted purchase price would still be higher than the initial $971 million baseline or "stalking horse" bid offered by Five Mile Capital Partners and Lehman Ali Inc, a non-bankrupt unit of Lehman Brothers Holdings Inc
Innkeepers declined to comment on Thursday. A spokesman for Cerberus did not return a call seeking comment.
(Reporting by Nick Brown)
Relacionados
- El producto turístico 'Oliventia' se desarrollará durante casi un mes para dar a conocer la Olivenza "más medieval"
- El Monasterio del Escorial y los Palacios de Aranjuez, los más visitados durante la jornada de puertas abiertas
- La Comunitat registra temperaturas de 5,3º superiores al promedio normal durante la jornada del miércoles
- Los operadores abordan las oportunidades de los servicios en la nube y las nuevas estrategias del hogar conectado durante CONNECTIONS TM Europe
- Los operadores abordan las oportunidades de los servicios en la nube y las nuevas estrategias del hogar conectado durante CONNECTIONS TM Europe
