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Horsham, Pa.-based , a ratings agency that tracks commerciaol mortgage-backed securities for investors, said four of the company’d mortgage loans have been reported to be 30 days delinquent and are beint transferred to a special Frank Innaurato, a managing directo r at Realpoint, said the loans, collateralizes by 131 Red Roof total about $361.4 million. Red Roof has four smallert mortgage loans totalingabout $12.56 million that are according to a Realpoint alert issuerd late Wednesday. The hotel chain said it is in talks with lenderas to restructure debt related to the acquisition ofthe company’sa real estate assets “due to the current statw of the lodging industry.
” Red Roof in 2008 was spun off to two privatee investment firms for $1.3 billion and moved back to Columbusw after being owned by Motel 6 owner “Tpo date, discussions have been highly constructive and we expect a positive resolution in due course,” the companty said in a statement. “Thesee discussions do not affecttthe day-to-day operations of the company’s properties and will not affecft Red Roof’s employees, vendors or franchisd owners.” A Red Roof spokeswomann declined to comment beyond the company’s statement. Red Roof has about 4,50 0 employees and about 350 company-ownexd and franchised properties.
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