| 08/31/09 57 room hotel in Houston, TX. Loan transferred to Special Servicing as a result of damage from Hurricane Ike. Since the Hurricane the property has lost its Holiday Inn Express flag & is currently unflagged. Borrower recently signed with Choice Hotels for a Comfort Suites flag and is in the process of completing the required $220k PIP. Comfort Inn is projected to be open by Mid Sept. Despite deficit operations, the loan is current. Property was inspected on 9/21/09. PIP is being completed and the hotel is in good condition.
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