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Lightstone Group Returns to Hotel Investing

Oct 8, 2010 7:37 AM

From Reuters:
Emerges From Extended Stay Hotels Bankruptcy
Commercial real estate investor Lightstone Group sees a market in hotels even though it has been through the bankruptcy and loss of one of its largest properties, Extended Stay Hotels. About three months ago, Lightstone bought a $7.8 million note on a $23 million loan on the Fairfield Inn East Rutherford/Meadowlands in New Jersey. Click here for the full story.

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