Innkeepers is in talks to sell most of its hotels to Cerberus for lower than the $1.12B...

|By:, SA News Editor

Innkeepers is in talks to sell most of its hotels to Cerberus for lower than the $1.12B initially agreed upon, the WSJ reports. The discussions led Innkeepers to yesterday delay by at least a day the start of a trial in which it is suing Cerberus and Chatham (CLDT) for backing out of the original deal.