• Starwood opposes Extended Stay sale to Centerbridge

Starwood Capital has not given up its fight to acquire bankrupt Extended Stay despite losing an auction in May.

The hotel chain said in court yesterday that it will oppose a planned sale to Centerbridge Partners, Paulson & Co and Blackstone Group because the deal "undervalues" Extended Stay, news wires reported.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afLlfl2tXaXY

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