Commercial Real Estate Direct Staff Report Gencom Group said it has recapitalized the Ritz-Carlton Bachelor Gulch, a 206-room hotel in Avon, Colo. The recapitalization staves off a planned foreclosure. The property, at 0130 Daybreak Ridge, was constructed in 2002 and ...
Following is a list of recent downgrades by Standard & Poor's: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln S&P New Rating S&P Old Rating Notes Washington Mutual Commercial ...
Unable to generate sufficient cash flow, The Legends at Village West, a 658,453-square-foot shopping center in Kansas City, Kan., has defaulted on its $137 million mortgage. The loan is securitized through LB-UBS Commercial Mortgage Trust, 2007-C7.
A team of Chatham Lodging Trust and Cerberus Capital Management has agreed to pay $1.12 billion for 64 hotels owned by Innkeepers USA Trust. The team won the bidding at a bankruptcy auction conducted today, according to a report in ...
Denver Post The 180-room Ritz-Carlton Bachelor Gulch at 0130 Daybreak Ridge, in Avon, Colo., has been scheduled for a foreclosure sale on Aug. 24. A $61 million mortgage on the property is securitized through LB-UBS Commercial Mortgage Trust, 2007-C7. The ...
Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes Credit Suisse Commercial Mortgage ...
A total of $3.1 billion of CMBS loans became delinquent in August, according to Fitch Ratings. But $2.1 billion were resolved during the month, resulting in a net increase in the volume of delinquent CMBS loans to 2,931 loans with ...
Innkeepers USA Trust has struck an agreement for a pre-packaged bankruptcy that will result in Lehman Brothers converting its holdings in the hotel REIT's secured debt into equity.The move comes three months after Innkeepers said it had not made interest ...
Innkeepers USA Trust, which last week said it had not made interest payments on its debt last month and might miss additional payments, might be gearing up to file for bankruptcy, according to a report by Reuters. The news service ...
Commercial Real Estate Direct Staff ReportInnkeepers USA Trust, a hotel owner that was acquired in 2007 by an affiliate of Apollo Management, said it has not made interest payments on its debt and warned that it might not make future ...
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