Innkeepers-Cerberus Trial Delayed
Oct 12th, 2011 | By WSJ.com: Real Estate | Category: News worldwide
Innkeepers USA and Cerberus Capital Management continued negotiating a lower-priced deal for Innkeepers' hotels, pushing back until Wednesday the start of a trial over Cerberus's cancellation of a prior agreement to buy the properties for $1.12 billion.