>Feds selling hotel loans

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>All eyes in the hotel investment world are on an ongoing auction by the Federal Deposit Insurance Corp. of hotel loans from a failed Georgia bank to see if the results will influence hotel values and pricing.

The FDIC last week accepted sealed bids on a $416 million portfolio of loans on 60 hotels originated by Atlanta’s Silverton Bank, which the FDIC closed in May. The loans were made on properties ranging from a W hotel in Atlanta to various Hampton Inns, Courtyards by Marriott and Holiday Inns across the country.

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