Extended-stay hotel chain Extended Stay Hotels filed for bankruptcy protection to mitigate a huge debt load. The filing, which pits the chain's new owner against its creditors, may have legal ramifications affecting many lenders and the U.S. government. No word is available on how the bankruptcy may affect Extended Stay Hotels' 680 locations.
Extended Stay Hotels bankrupt
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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.
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This page contains a single entry by David Wertheimer published on June 15, 2009 1:13 PM.
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