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Cerberus, Chatham Kill $1.1B Innkeepers' Hotel Deal

By Erin Fuchs (August 22, 2011, 2:13 PM EDT) -- Investment firms Chatham Lodging Trust and Cerberus Capital Management LP have terminated a $1.1 billion agreement to buy 64 hotels from Innkeepers USA Inc., Chatham announced Monday, citing developments that could potentially hurt the bankrupt hotel chain....

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