Extended Stay America

Extended Stay America, an Extended Stay Hotels(sm) brand, specializes in providing business and leisure travelers a functional hotel suite at an exceptional value. With new renovations including our “Signature” rooms that come complete with Comfort bedding, an open layout, and contemporary decor, Extended Stay America gives travelers great comfort at a great price. Our guests enjoy fully equipped kitchens, in-room WiFi Internet access, unlimited local phone use and personalized voicemail, pet friendly accommodations, and pools and fitness centers (at select locations).

Extended Stay America, Inc. engages in the operation and owning of hotels in North America. It operates through the Owned Hotels, and Franchise and Management segments. The Owned Hotels segment includes the earnings derived from the operation of the company-owned hotel properties and other hotel revenues. The Franchise and Management segment consists of earnings under contracts and agreements with third parties. The company was founded in 1995 and is headquartered in Charlotte, NC.

Blackstone Group

Extended Stay America Inc. confirmed Monday an agreement to be acquired by Blackstone Group Inc. and Starwood Capital Group in an all-cash deal valued at about $6 billion. Under terms of the deal, Extended Stay shareholders will receive $19.50 for each Extended Stay share they own, a 12.2% premium to Friday's closing price of $16.94.

Extended Stay confirms Blackstone, Starwood buyout deal for 12% premium

Shares of Extended Stay America Inc. soared 15.9% toward a 2-year in premarket trading Monday, after The Wall Street Journal reported that the hotel operator has agreed to be acquired by Blackstone Group and Starwood Capital Group in a deal valued at $6 billion. The WSJ report did not have a per-share price paid, but said the companies will release details of the deal on Monday.

Extended Stay's stock soars after WSJ report of $6 billion buyout deal with Blackstone, Starwood

Extended Stay America's (STAY) CEO Bruce Haase on Q4 2020 Results - Earnings Call Transcript

Extended Stay's (STAY) fourth-quarter 2020 top line was hurt by dismal RevPAR due to the coronavirus pandemic.

Extended Stay (STAY) Q4 Earnings & Revenues Top Estimates

Shares of Extended Stay America (NASDAQ:STAY) increased in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 14.29% year over year to $0.16, which beat the estimate of $0.02.

Extended Stay America: Q4 Earnings Insights

-  Net income of $65.7 million in the Fourth Quarter, $96.3 million for the Full Year 2020-   Adjusted EBITDA 1 of $89.3 million in the Fourth Quarter, $374.1 million for the Full Year 2020-   Comparable system-wide RevPAR decrease of 9.4% in the Fourth Quarter, -15.0% for the Full Year 2020-   Announces quarterly distribution of $0.09 per Paired Share-   RevPAR Index increased 40% to 140 in the Fourth Quarter, +31.6% to 127 for the Full Year 2020 2

Extended Stay America Announces Fourth Quarter and Full Year 2020 Results

Extended Stay America Premier Suites to launch with more than 30 properties. Extended Stay America Premier Suites to launch with more than 30 properties.

Extended Stay America launches new Premier Suites brand

CHARLOTTE, N.C., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the addition of three properties in Oklahoma through franchise conversions. The properties are all owned by Dallas-based Provident Realty Advisors, Inc. and will be operated by Plano, Texas-based Aimbridge Hospitality, the leading, global, third-party hotel management company.

Extended Stay America Expands Footprint in Oklahoma

Extended Stay America (STAY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Extended Stay America (STAY) Q4 Earnings Expected to Decline

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CAPE CORAL, Fla., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, the leading mid-priced extended stay hotel company, is pleased to announce that it is the exclusive hospitality partner for season 25 of the home improvement show, Military Makeover with Montel ® airing on Lifetime TV and on the American Forces Network. Extended Stay America hosted Army Staff Sergeant Daniel Burgess and his family of four, providing them a home away from home at its Extended Stay America Port Charlotte property for the duration of their home makeover, which will be chronicled on air starting on February 12, 2021.

Extended Stay America Hosts Military Makeover with Montel®, Providing a Home Away from Home for a Military Family

CHARLOTTE, N.C., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. and its paired-share REIT, ESH Hospitality, Inc. (collectively the "Company") (Nasdaq: STAY), announced today that it will release its fourth quarter results after the market closes on Thursday, February 25, 2021. A conference call will be held on Friday, February 26, 2021 at 8:30 a.m. Eastern Time.

Extended Stay America Announces Dates for Fourth Quarter Earnings Release and Annual Shareholder Meeting

CHARLOTTE, N.C., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. and ESH Hospitality, Inc. (NASDAQ:STAY) (together, the “Company”), today announced the tax treatment for the aggregate distributions of $0.26 per paired share (CUSIP: 30224P200) paid to Extended Stay America, Inc.'s common shareholders and ESH Hospitality, Inc.'s Class A and Class B common shareholders during the calendar year ended December 31, 2020.

Extended Stay America Announces Tax Treatment for 2020 Distributions

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Distribution of $0.35 per Paired Share Distribution of $0.35 per Paired Share

Extended Stay America Announces Special Distribution and Reaffirmation of Fourth Quarter and Full Year 2020 Guidance

Extended Stay America (STAY) reported earnings 30 days ago. What's next for the stock?

Extended Stay America (STAY) Up 9% Since Last Earnings Report: Can It Continue?

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Extended Stay's (STAY) focus on cost control and unit expansion efforts bode well. However, dismal revenue per available room and elevated expenses remain headwinds.

Extended Stay (STAY) Banks on Unit Expansion, RevPAR Dismal

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Extended Stay (STAY) announces new hotel conversions, boosting presence in the United States.

Extended Stay (STAY) Adds 7 Properties to U.S. Portfolio

CHARLOTTE, N.C., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. and ESH Hospitality, Inc. (NASDAQ:STAY) (together, the “Company”) today announced the completed disposition of one hotel in California for gross proceeds of $65.0 million. The hotel is now closed and the buyer expects to convert the hotel to an alternative use in the coming months.

Extended Stay America Announces Completed Hotel Disposition for $65 Million

CHARLOTTE, N.C., Nov. 20, 2020 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the addition of seven properties through franchise conversions. The properties are all owned by New York-based Three Wall Capital (TWC) and will be operated by Dallas, Texas-based Aimbridge Hospitality, the nation's largest management company.

Extended Stay America Welcomes Seven New Properties

Airline, hotel, and cruise stocks surged in early Monday trading as Moderna's encouraging vaccine trial results spurred fresh optimism for an end to the coronavirus pandemic. The biotech company announced Monday morning that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in a preliminary analysis. The update comes one week after Pfizer and BioNTech revealed similarly positive results from early trials of their own vaccine. While both candidates still need to receive approval from the US Food and Drug Administration, their supposed effectiveness suggests a nationwide rollout could come in 2021. 

News for Extended Stay America Stock (STAY)