PE trio to take control of Extended Stay Hotels for $905m | AltAssets Private Equity News

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PE trio to take control of Extended Stay Hotels for $905m

19 Mar 2010

A trio of private equity firms - Starwood Capital Group, TPG Capital and Five Mile Capital Partners - has agreed to invest $905m in Extended Stay Hotels Inc, as part of a recapitalisation plan that will allow the hotel chain to emerge from bankruptcy.

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