Unintended Consequences

Bloomberg Story

Red Roof Inns has defaulted on $367 million in mortgage debt.   They aren’t yet filing for bankruptcy, but that’s pretty likely.   CitiGroup led the buyout of the company in 2007.

Tags: bankruptcy, Las Vegas, Tourism

This entry was posted on Wednesday, June 24th, 2009 at 8:10 am and is filed under Bankruptcy Watch, Financial Collapse. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.