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Days Inns to be bought. (Blackstone Group agrees to buy Days Inns of America Inc.)
After several months of negotiations, New York investment banking firm Blackstone Group agreed to buy heavily indebted Days Inns of America Inc. for $250 million. As part of the agreement, the 1,214-hotel, Atlanta-based chain sought Chapter 11 protection from creditors on Sept. 27 in Delaware.
If approved by the bankruptcy court, the deal will make Blackstone Group's affiliate, …
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