NorthStar Realty Finance has entered into a joint venture to acquire Cerberus Capital Management‘s 89.7 percent stake in 47 Innkeepers hotels. The properties, which have a combined 6,100 rooms and are operating primarily under Hilton and Marriott brands, will sell for $958.5 million. Chatham Lodging Trust, which purchased the portfolio with Cerberus in 2011, will retain a 10.3 percent interest in the hotels. Read the Bloomberg Businessweek story here
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CCR 2026 ISSUE 9 | Beauty by Design: How Rigzin Dolma balances brand standards and customer expectations at Waxing the City •
CCR 2026 ISSUE 9 | Beauty by Design: How Rigzin Dolma balances brand standards and customer expectations at Waxing the City •
