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A consortium led by Centerbridge Partners has acquired the bankrupt hotel chain Extended Stay Hotels for $3.93bn. The consortium includes Paulson and private equity firm Blackstone. A bankruptcy court judge is required to approve the sale before it is finalised.
A consortium led by Centerbridge Partners has acquired the bankrupt hotel chain Extended Stay Hotels for $3.93bn.
The consortium includes Paulson and private equity firm Blackstone.
A bankruptcy court judge is required to approve the sale before it is finalised.
Starwood Capital and TPG also participated in the bidding, according to The Financial Times.
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