Extended Stay, the hotel chain, filed a plan to exit bankruptcy after accepting an investment proposal from Centerbridge Partners, Paulson & Co. and the Blackstone Group. The restructuring plan, filed last night in US Bankruptcy Court in Manhattan, calls for the investor group to take control of Extended Stay’s 666 properties in exchange for a $3.9bn investment that will pay down the company’s $4.1bn mortgage debt.

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Here's where the real housing affordability crisis exists

Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time? If not, which is one is true? HousingWire Columnist Logan Mohtashami takes a deeper dive.

Feb 17, 2020 By
3d rendering of a row of luxury townhouses along a street

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