Stay's

"The assets would have done better outside of bankruptcy," said Monty Bennett, chief executive of Ashford, which held a $164 million slice of Extended Stay's mezzanine debt, in an interview.

Lightstone Chief Defends a Bankruptcy Kris Hudson 2011

By early 2009, when it became clear the hotel chain wouldn't be able to service its hefty debt, Mr. Lichtenstein began negotiating with groups of Extended Stay's lenders on several possible resolutions, according to Mr. Lichtenstein and court records.

Lightstone Chief Defends a Bankruptcy Kris Hudson 2011

Better than house-sitting, in that you have no responsibilities, more interesting than a self-catered property or serviced apartment because the owner's possessions, their style, their touch and their personality remain, One Fine Stay's service essentially lets you borrow a posh house and pretend its yours for a while.

One Fine Stay in London 2011

Bankruptcy Court in Manhattan initially approved Extended Stay's Chapter 11 restructuring plan in July, calling it "perhaps an unprecedented bankruptcy" involving entities "never expected" to file for bankruptcy protection.

Blackstone, Paulson Buy Extended Stay for $3.9 Billion Ian Sherr 2010

Michael DeMarco , a managing director with Fortress Investment Group LLC in 2009, said in court papers that Mr. Lichtenstein "did the only responsible thing he could have done to avoid waste of Extended Stay's assets by ceasing operations."

Lightstone Chief Defends a Bankruptcy Kris Hudson 2011

Better than house-sitting, in that you have no responsibilities, more interesting than a self-catered property or serviced apartment because the owner's possessions, their style, their touch and their personality remain, One Fine Stay's service essentially lets you borrow a posh house and pretend its yours for a while.

One Fine Stay in London 2011

He says he was only offered a small equity stake by potential acquirers in return for Extended Stay's brand and management company, which weren't part of the bankruptcy.

Lightstone Chief Defends a Bankruptcy Kris Hudson 2011

A rival bid by Starwood Capital Group had been supported by a group of Extended Stay's unsecured creditors.

Blackstone, Paulson Buy Extended Stay for $3.9 Billion Ian Sherr 2010

Ralph Mabey, who looked into events leading up to Extended Stay's bankruptcy filing last year as well as the 2007 leveraged buyout.

Extended Stay Has Legal Claims, Court's Examiner Says David McLaughlin 2010

Extended Stay's creditors will likely use the examiner's findings about the legal claims to file lawsuits on behalf of the company.

Extended Stay Has Legal Claims, Court's Examiner Says David McLaughlin 2010