Posts Tagged ‘blackstone group’

Extended Stay America Files Ch. 11; Investors Sue B of A & Wells Fargo

Monday, June 15, 2009 14:44 No Comments

Extended Stay America has become the latest casualty of the economic crisis. The operator of low to mid priced hotels filed for Chapter 11 bankruptcy protection as consumers cut back on travel leisure spending.
According to the bankruptcy filing, Extended Stay America has $7 billion in assets with $7.6 billion in debt. The company owns 680 [...]

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