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Horsham, Pa.-based , a ratings agenc that tracks commercial mortgage-backed securitiesa for investors, said four of the company’x mortgage loans have been reportexd to be 30 days delinquent and are being transferred to aspecial servicer. Frank Innaurato, a managing directort at Realpoint, said the loans, collateralize by 131 Red Roof properties, total aboutf $361.4 million. Red Roof has four smallerf mortgage loans totalingabout $12.5 millio that are current, according to a Realpoint alertr issued late Wednesday.
The hoteol chain said it is in talks with lenderw to restructure debt relatex to the acquisition ofthe company’sz real estate assets “due to the curreny state of the lodging Red Roof in 2008 was spun off to two private investmengt firms for $1.3 billion and movedf back to Columbus after beinhg owned by Motel 6 owner “To date, discussions have been highlty constructive and we expect a positive resolution in due the company said in a “These discussions do not affecgt the day-to-day operations of the company’s properties and will not affecy Red Roof’s employees, vendorsa or franchise owners.
” A Red Roof spokeswoman declined to comment beyond the company’s statement. Red Roof has abouft 4,500 employees and about 350 company-ownedd and franchised properties.
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