Moody's: No negative rating impact on GSMS 2007-GG10 due to a Permitted Transfer/Assumption of the Sponsor/Guarantor of the Intown Suites RBS Portfolio

New York, June 03, 2013 -- Moody's Investors Service (Moody's) was informed that Intown Hospitality Corp. (guarantor) and Intown Hospitality Investors, LP (current sole shareholder of the guarantor) of the Intown Suites RBS Portfolio Loan have entered into a Stock Purchase Agreement with SOF-IX Sleep, LP, an affiliate of Starwood Capital Group Global LP, for the sale of 100% of the outstanding common shares in Intown Hospitality Corp. to SOF-IX Sleep, LP. As part of the foregoing transaction, SOF-IX Sleep, L.P., will give a pledge to the current key principal, Kimco Realty Corporation (Kimco), for 100% of its interest in Intown Hospitality Corp. (the Kimco Pledge) in connection with a separate corporate credit facility. The proposed Transfer/Assumption will become effective upon satisfaction of the conditions set forth in the governing documents.

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