Deal on Extended Stay is in the works, sources say

05/10/2010 | Wall Street Journal, The

Goldman Sachs will provide $2.2 billion in financing to a group led by Starwood Capital Group that is seeking to acquire hotel chain Extended Stay, according to sources. Citigroup, Goldman's partner in the deal, is said to be kicking in $1 billion. It would be the largest mortgage-debt financing connected to a real estate venture since the start of the credit-market crisis.

View Full Article in:

Wall Street Journal, The

Published in Brief: