Cerberus Capital Management says it had a good reason to walk away from a $1.12 billion deal to buy Innkeepers hotels out of bankruptcy: Market turmoil has changed its expectations on those hotels' profitability.
WSJ.com: What's News US, Wall Street Journal
Tue, 10/04/2011 - 11:17am
Cerberus Capital Management says it had a good reason to walk away from a $1.12 billion deal to buy Innkeepers hotels out of bankruptcy: Market turmoil has changed its expectations on those hotels' profitability.