RCA in the commercial property press:


Extended Stay chain ‘potentially troubled’ in the Puget Sound area


Friday, January 02, 2009
Source: The Puget Sound Business Journal


The Puget Sound Business Journal reports: With the recession nipping at bookings, 21 hotels in the Puget Sound area have landed on a list of potentially troubled assets compiled by the New York research firm Real Capital Analytics. The portfolio of Extended Stay America hotels and its affiliated Crossland Economy Studios, Homestead Studio Suites and Studio Plus properties made the list after two ratings agencies lowered the chain’s debt ratings.


View the full article on The Puget Sound Business Journal: Extended Stay chain ‘potentially troubled’ in the Puget Sound area

Posted by: Nina Turner

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