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The Lightstone Group acquired Extended Stay Hotels (now trading as Extended Stay America) in June 2007 from The Blackstone Group for US$8 billion. [7] The deal, financed with US$7 billion of debt, was one of several multibillion-dollar hotel and casino sales made that year. [8]
The TownePlace Suites brand was first used in 1997 in Newport News, Virginia.By 2002, Marriott International had expanded the use of the brand to 100 locations, making it the company's fastest-growing brand.
Extended Stay America, Inc., headquartered in Charlotte, North Carolina, is the operator of an economy apartment hotel chain in the United States and Canada. Prior to June 2021, when the company was acquired by Blackstone Real Estate and the Starwood Capital Group, it was publicly traded as a "paired share" with ESH Hospitality, Inc. , a real ...
In 2010, the company lost an auction to buy Extended Stay Hotels, which was in bankruptcy. ... Belmar (Lakewood) [34] [27] Capital Mall [33] Fairlane Town Center [35]
(Reuters) -Los Angeles-based asset management firms overseeing more than $4 trillion in assets are grappling with the impact of the region's destructive wildfires on their operations, with some ...
LeBron James and his family continue to stay in a hotel after evacuating their home because of the wildfires that have engulfed the Los Angeles area for the past week. They were among those forced ...
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