Line Trust Corp. and Deuce Properties Ltd., junior lenders to Extended Stay, will ask a New York state judge to prohibit Lightstone Group LLC and founder David Lichtenstein from transferring cash it receives from the sale, a lawyer for the companies said. Simon Property, the largest U.S. shopping mall owner, said in December it would buy Prime Outlets Acquisition Co. from Lightstone for $2.33 billion including debt.
Monday, March 22, 2010
Extended Stay creditors attempt to freeze cash from Prime Outlets
Ruh roh.
Labels:
Deuce,
ESH,
Franzia,
Lightstone,
Line,
Prime Outlets,
Simon,
SPG
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1 comment:
Where there's smoke, there's fire!
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