NEW YORK, (Reuters) – A bankruptcy judge on Thursday said he would give Extended Stay America Inc more time to file its plan for emerging from Chapter 11.
The bankrupt lodging chain now has 60 more days in which it has the exclusive right to file a plan of reorganization to the court, Judge James Peck said in a hearing in Manhattan.
He granted the company’s request to extend the exclusivity period through April 2, according to court documents. It can solicit acceptances for the plan through May 31.
Extended Stay, the largest owner and operator of mid-price extended stay hotels in the United States, filed for bankruptcy protection in June.
The case is In re Extended Stay, U.S. Bankruptcy Court for the Southern District of New York, No. 09-13764. (Reporting by Chelsea Emery)
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