Five Mile Capital is reportedly in talks with bankrupt Innkeepers USA Trust after Chatham...

|About: Chatham Lodging Trust (CLDT)|By:, SA News Editor

Five Mile Capital is reportedly in talks with bankrupt Innkeepers USA Trust after Chatham Lodging Trust (CLDT) and Cerberus this week pulled out of an agreement to buy 64 Innkeepers’ hotels for $1.1B. Five Mile had lost out to Cerberus in an auction in May after bidding only $970.7M.