Extended Stay Hotels has more than 680 properties under brands like Extended Stay America and Homestead Studio Suites.
Bloomberg is reporting that they filed bankruptcy on June 15th because they are ‘significantly over-leveraged and the projected cash flows cannot continue to service over $7 billion in debt’. Extended Stay Hotels employs about 10,000 people.
Related posts:
AAA Adds 8 Hotels and 6 Restaurants to Exclusive Five Diamond List for 2015
Four Hotel Companies Make it on Fortune's 100 Best Companies to Work For 2014 List
JD Power: Following Two Years of Declines, Hotel Guest Satisfaction Increases to a Seven-Year High
Forbes Travel Guide Releases 2013 Star Award Winners
Hotels Continue to Impress in Latest ACSI Surveys. Hilton Still Number 1, Followed by Starwood and ...
the feds will inflate their way out of debt. the rest of us must grin and bear it.