Weil Gotshal leads as $3.9bn PE sale ends record hotel group bankruptcy
A raft of US firms have taken roles on the bankruptcy of Extended Stay Hotels, the largest Chapter 11 case ever filed by a US hotel owner, reports The Am Law Daily. The hotel chain operator, which operates 700 hotels throughout the US and Canada, was sold to a private equity consortium last Friday (8 October) in a $3.9bn (£2.5bn) deal after filing for bankruptcy in New York in June 2009.
A raft of US firms have taken roles on the bankruptcy of Extended Stay Hotels, the largest Chapter 11 case ever filed by a US hotel owner, reports The Am Law Daily.
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