>Extended Stay Favors New Centerbridge Purchase Offer

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>April 8 (Bloomberg) — Extended Stay Hotels Inc. favors a new purchase offer by Centerbridge Partners LP as an improvement over one by Starwood Capital Group LLC, a lawyer for the bankrupt hotel chain said.

Centerbridge, a New York private-equity firm, and Paulson & Co., a New York asset manager, matched Starwood’s offer to invest as much as $905.4 million in the company and eliminated fees Starwood required, said Marcia L. Goldstein, a lawyer for Extended Stay.

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