Extended Stay Hotels LLC Files For Chapter 11
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"Our end of the business — hotel operations and administration — remains strong on an operating basis," DeLapp said. "Because we generate significant positive cash flow, ESI does not need (debtor-in-possession) financing to meet its operating obligations."
Extended Stay filed in the U.S. Bankruptcy Court in the Southern District of New York on Monday. A company representative did not immediately respond to a request for further comment. Extended Stay has retained the law firm of Weil, Gotshal & Manges LLP and financial adviser Lazard Freres & Co.- Loading Comments...
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