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  Hotel Industry News

 Saturday November 22nd, 2008 
  Back

S&P may cut Extended Stay America ratings
Extended Stay America Standard & Poor's on Monday said it may cut its ratings on Extended Stay America, Inc. after the hotelier said on Friday it had agreed to be acquired by private equity firm the Blackstone Group for more than $1.9 billion.
But the company's bonds still rose on Monday, on the expectations that they will be bought back at a premium to their current value.

External Source - For the complete article click here
2004-03-09   Financial

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More Extended Stay America News
Extended Stay America, Inc. Stockholders Approve Merger Agreement
Blackstone Group Makes Big Bet On Long-Term Lodging – Herald Tribune
N.Y. Investment Firm to Buy Hotel Chain
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Extended Stay America, Inc. Releases Fourth Quarter, 2003 Financial Report and Announces Quarterly Cash Dividend to Stockholders
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