>Extended Stay wins U.S. court OK to use $86 mln

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>NEW YORK, June 29 (Reuters) – Bankrupt hotel chain Extended Stay ESAIN.UL was granted interim access on Monday to its cash for a second time so it can make mortgage payments and pay the company managing its hotels.
Judge James Peck of U.S. Bankruptcy Court in Manhattan said Extended Stay could to tap into $86 million of its cash, against which creditors have a claim, until a final hearing on the use of cash set for July 17

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http://www.reuters.com/article/bondsNews/idUSN2943084220090629

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