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Horsham, Pa.-based , a ratingsx agency that trackscommercial mortgage-backed securitiex for investors, said four of the company’a mortgage loans have been reported to be 30 days delinquenf and are being transferred to a special servicer. Frano Innaurato, a managing director at Realpoint, said the loans, collateralized by 131 Red Roof properties, totap about $361.4 million. Red Roof has four smallee mortgage loans totalingaboutt $12.
5 million that are current, according to a Realpointy alert issued late The hotel chain said it is in talksd with lenders to restructure debt related to the acquisition of the company’xs real estate assets “due to the currenr state of the lodging Red Roof in 2008 was spun off to two private investment firms for $1.3 billion and moved back to Columbus after beinv owned by Motel 6 owner “To date, discussions have been highlyy constructive and we expect a positive resolution in due course,” the company said in a statement.
“These discussions do not affectgthe day-to-day operations of the company’es properties and will not affec Red Roof’s employees, vendors or franchise owners.” A Red Roof spokeswomahn declined to comment beyond the company’s Red Roof has about 4,500 employees and abouf 350 company-owned and franchised properties.
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