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A year after the bankruptcy, Blackstone was sued by creditors of Extended Stay America alleging that Blackstone "skimmed" US$2.1 billion off of the sale to Lightstone and knew that the amount of debt would have been unsustainable for the hotel chain; Blackstone settled the lawsuit in June 2013 for US$10 million. [11]
The Lily & Bloom hotel is also for sale on LoopNet for $2.59 million, which, despite having a recent renovation, evokes the mid-century motel vibe. The Lily & Bloom is a 26-room hotel built in 1950.
A Myrtle Beach hotel and resort on the oceanfront is for sale less than six months after being purchased. Indigo Tower, a 54-room hotel built in 1974, is for sale, according to its LoopNet posting ...
Extended Stay America acquired the extended-stay hotel chain StudioPLUS on April 11, 1997. [5] The company also developed the Crossland Economy Studios brand as a budget extended-stay hotel brand. [6] The 47 unit Crossland brand was sold to Westmont Hospitality Group for $285 Million in December, 2015. [7]
The La Dolce Vita Villas is a 14-room hotel for sale in North Myrtle Beach on the commercial real estate website LoopNet. The for-sale price is $2.5 million. ... Blizzard warning extended into ...
Residence Inn by Marriott is a brand of extended stay hotels.As of June 1, 2021, there were 874 Residence Inn hotels in the United States, Canada and Mexico with 107,680 rooms, plus an additional 243 hotels with 30,417 rooms in the development pipeline.
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