Cerberus, TPG to bid at Innkeepers auction -WSJ

NEW YORK, April 29 Fri Apr 29, 2011 7:53pm EDT

NEW YORK, April 29 (Reuters) - Cerberus Capital Management [CBS.UL] and TPG [TPG.UL], two private equity firms, are among those expected to bid on hotels owned by Innkeepers USA Trust in a bankruptcy auction on Monday, the Wall Street Journal reported on its website on Friday.

The two are eyeing different sets of hotels and are likely to bid on assets that include combinations of cash, debt and equity, the report said, citing sources familiar with the matter. (Reporting by Jonathan Spicer; Editing by Gary Hill)