Pharma Investments, Ventures & Law Weekly
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HVM L.L.C.
Operations To Stay on Course During Extended Stay Inc.'s Debt Restructuring
July 5th, 2009
HVM L.L.C., said that the Chapter 11 filing announced by the Board of Directors of Extended Stay Inc. should have no impact on operations of the popular chain of hotels. HVM, a separately owned company, manages 684 hotels throughout the U.S. and Canada under the following brands: Extended Stay America(R), Extended Stay Deluxe(SM), Homestead Studio Suites Hotels(R), StudioPLUS Deluxe Studios(R) and Crossland Economy Studios(R). "Extended Stay Inc. has turned an important page in restructuring its debt and recapitalizing its business," said Gary DeLapp, president and CEO of HVM L.L.C., "but for hotel guests, the story is the same: the same great service, the same...
Source: Pharma Investments, Ventures & Law Weekly (2009-07-05)
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