Starwood Objects To Competing Plan For Extended Stay

Law360, New York (March 15, 2010, 6:14 PM EDT) -- A group of investors led by Starwood Capital Group has objected to a plan proposed by competing private equity firms Centerbridge Partners LP and Paulson & Co. Inc. to lead Extended Stay Hotels LLC out of bankruptcy.

According to a scheduling order filed Monday in the U.S. Bankruptcy Court for the Southern District of New York, Starwood Capital's objection initially was set to be heard Tuesday but now will taken up before Judge James M. Peck at a later date.

The Starwood objectors are hardly the...
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