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Arlington Hospitality, Inc. Retains Chanin Capital L.L.C. as Financial Advisor and Seeks Restructuring Alternatives |
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Arlington Hospitality, Inc. (Nasdaq/SmallCap: HOST) today announced that it has retained Chanin Capital, L.L.C. to serve as Arlington's exclusive financial advisor in connection with Arlington's efforts to restructure its debt and/or equity capital. |
Chanin will assist Arlington's board of directors and management in analyzing the company and its business and financial prospects with a view towards developing a plan for negotiating with the company's existing creditors and other stakeholders.
Chanin is comprised of more than 50 dedicated professionals in London, Los Angeles, and New York. Since its founding in 1984, Chanin has completed more than $146 billion in financial recapitalization and restructuring transactions, and has consummated more than $29 billion in mergers & acquisitions transactions. Chanin has been consistently ranked as one of the leading restructuring and bankruptcy advisory firms in the United States.
Arlington Hospitality, Inc. is a hotel development and management company that builds, operates and sells mid-market hotels. Arlington is the nation's largest owner and franchisee of AmeriHost Inn hotels, a mid-market, limited-service hotel brand owned and presently franchised in 20 states and Canada by Cendant Corporation (NYSE: CD), with over 100 properties. Currently, Arlington Hospitality, Inc. owns or manages 35 AmeriHost Inn hotels in nine states, for a total of 2,400 rooms, with additional AmeriHost Inn & Suites hotels under development.
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