Paul Hastings LLP, a leading global law firm, announced today that the firm represented an affiliate of Starwood Capital Group, a global investment firm, in the acquisition of 100% of the common stock of InTown Hospitality Corp.  The gross purchase price was approximately $735 million, including the assumption of $609 million of existing mortgage debt.  The acquired company runs extended-stay lodging chain, InTown Suites, which has 138 extended-stay properties with approximately 18,000 rooms across 21 states in the U.S.

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Matthew (Matt) Steinberg and Samantha Abeysekera have joined Akerman Senterfitt from Jackson Lewis LLP as shareholders in the firm’s Labor and Employment Practice Group in New York. The lawyers are the second group to join Akerman’s New York office since April and the latest to join since the office moved to a larger location on Fifth Avenue in May.

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Simpson Thacher represented JPMorgan, as lead arranger, in connection with it arranging a financing commitment for a new senior secured revolving credit facility with an initial $1.6 billion borrowing base and a $400 million bridge loan tranche for Exco Resources, Inc. (“Exco”).  Proceeds from the loans on closing will be used to refinance Exco’s existing senior secured bank credit facility and finance its acquisition of producing and undeveloped oil and gas assets in the Eagle Ford shale formation from subsidiaries of Chesapeake Energy Corporation.

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