It's still there under REO (real estate owned) in Maiden Lane I. The Fed owns a lot of commercial real estate debt through the Bear Stearns bailout. Here is Maiden Lane I, II and III and the Grayson video below. "Rep. Alan Grayson discussed the Federal Reserve's purchase of debt from Bear Stearns, including debt from recently foreclosed Red Roof Inn's."
Red Roof Inn Inside BSCMS SERIES 2007-PWR17 (SEC.gov)
Red Roof Inn Inside BSCMS SERIES 2007-PWR18 (SEC.gov)