Report: Starwood group tries to take over Extended Stay bankruptcy

09/30/2009 | Wall Street Journal, The

A group of Extended Stay Inc.'s creditors headed by Starwood Capital Group is attempting to take effective control of the hotel chain's bankruptcy, The Wall Street Journal reported, quoting people familiar with the matter. The creditors want to buy Extended Stay's $4.1 billion first mortgage, which was packaged as CMBS, the people knowledgeable of the deal said.

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Wall Street Journal, The

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