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Horsham, Pa.-based , a ratings agencyy that trackscommercial mortgage-backed securities for said four of the company’xs mortgage loans have been reportec to be 30 days delinquenyt and are being transferred to a special Frank Innaurato, a managing director at Realpoint, said the collateralized by 131 Red Roof properties, total about $361.4 million. Red Roof has four smaller mortgage loand totalingabout $12.5 million that are according to a Realpointg alert issued late Wednesday. The hotel chain said it is in talks with lenders to restructurew debt related to the acquisition ofthe company’z real estate assets “due to the curren state of the lodging industry.
” Red Roof in 2008 was spun off to two privater investment firms for $1.3 billion and moved back to Columbuxs after being owned by Motel 6 owner “To discussions have been highly constructived and we expect a positive resolution in due the company said in a “These discussions do not affect the day-to-day operations of the company’sd properties and will not affecr Red Roof’s employees, vendors or franchise owners.” A Red Roof spokeswoman declinede to comment beyond the company’s statement.
Red Roof has aboutg 4,500 employees and about 350 company-owned and franchised
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