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1.
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HNN Newswire
17 June 2009
President and CEO of management company says there are no plans to close or sell any of the 680 hotels.
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2.
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By Shawn A. Turner, Finance Editor
09 March 2010
Investment firms Centerbridge Partners and Paulson & Company would take over a 22.5-percent share in the company for US$450 million.
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3.
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By Shawn A. Turner, Finance Editor
11 March 2010
The U.S. Bankruptcy Court has temporarily sealed the report—which is expected to detail the factors that led to Extended Stay’s collapse—citing confidentiality issues.
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4.
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By Shawn A. Turner, Finance Editor
09 April 2010
The high price paid by Lightstone Group in its acquisition of ESA played a part in causing the hotel chain’s bankruptcy two years later, a court-appointed examiner found.
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5.
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By Shawn A. Turner, Finance Editor
13 April 2010
The court-appointed examiner looking into the downfall of Extended Stay America points to deteriorating metrics—and a heavy debt load—as playing a role in ESA’s bankruptcy.
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6.
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By The HNN editorial staff,
16 April 2010
Each Friday, the HotelNewsNow.com editorial staff picks the most compelling (or downright gutsy) quote and reader comment from the previous week. Today, hear about call arounds and the hotel recovery.
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