>Extended Stay Says Starwood Capital Bid ’Better’ Than Rival’s Offer

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>May 18 (Bloomberg) — Investors led by Starwood Capital Group made a “better” bid for Extended Stay Inc. than an earlier offer from Centerbridge Partners LP and Paulson & Co., a lawyer for the bankrupt hotel chain said.

Extended Stay, which is seeking to sell its assets in an effort to emerge from bankruptcy protection, received the Starwood bid yesterday, the deadline for submitting competing offers for the hotel operator.

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