Extended Stay Emerges From Bankruptcy
From BloombergBusinessweek:
Ex-Hyatt Exec Geoga Named Non-Executive Chairman
Extended Stay Inc. emerged from Chapter 11 bankruptcy protection, a few months after the hotel chain was bought by a group of investors led by private equity firm Centerbridge Partners LP. The group, which includes Paulson & Co. Inc. and Blackstone Real Estate Partners VI, paid $3.925 billion in July for the owner of 685 properties bearing the brands Extended Stay America, Extended Stay Deluxe and Homestead Studio Suites in the U.S. and Canada. Click here for the full story.
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