What does Extended Stay America mean?
Extended Stay America. Extended Stay America, Inc. is the operator of an economy, extended-stay hotel chain consisting of 629 properties in the United States and Canada. It is listed on the New York Stock Exchange as a "paired share" with the real estate investment trust ESH Hospitality, Inc., the owner of the hotels.
Why invest in an Extended Stay America franchise?
Franchise opportunities now available! With a cost-effective prototype and streamlined operating model, Extended Stay America delivers the potential for an excellent return on investment.
How many employees does extended stay hotels have?
Formerly Extended Stay Hotels Total equity $1.176 billion (2019) Number of employees 1,800 (2019) Website www .extendedstayamerica .com 13 more rows ...
When was the first Extended Stay America Hotel opened?
Extended Stay America was founded on January 9, 1995 in Fort Lauderdale, Florida by George D. Johnson, Jr. and Wayne Huizenga, both former executives from Viacom and its subsidiary Blockbuster LLC. The first two Extended Stay America hotels opened in August 1995 in Spartanburg, South Carolina and Marietta, Georgia.
Are Extended Stay America hotels franchised?
Extended Stay America Suites started offering franchises in 2017. Extended Stay America Suites was founded 12 years ago in 2010.
Who owns Extended Stay America?
In a further vote of confidence in the future of hospitality—and in the extended-stay sector, specifically—Blackstone and Starwood Capital Group have agreed to acquire Extended Stay America and its paired-share real estate investment trust, ESH Hospitality, for $6 billion.
Is Extended Stay America a private company?
The company became a public company via an initial public offering on December 14, 1995. Extended Stay America acquired the extended-stay hotel chain StudioPLUS on April 11, 1997.
Is Extended Stay America a REIT?
About ESH Hospitality, Inc. [ ("ESH"), is the largest lodging REIT in North America by unit and room count, with over 620 hotels and approximately 68,000 rooms in the U.S. ESA manages all of ESH's hotel properties, providing over 8,000 jobs at hotel properties and corporate headquarters.
When did Blackstone buy Extended Stay America?
2004In 2004, affiliates of The Blackstone Group acquired Extended Stay America for $3.1 billion.
What hotels are owned by Blackstone?
List of Blackstone Hotel Chain Brandsaloft Hotels By Marriott (1)Baymont Inns & Suites By Wyndham (2)Best Value Inns (3)Best Western Hotels & Resorts (2)Best Western Plus Hotels (5)Candlewood Suites Hotel BY IHG (7)Clarion Hotels By Choice (1)Comfort Inn By Choice (3)More items...
Who owns woodspring?
Choice HotelsWoodSpring HotelsTypeExtended Stay HotelFounderJack DeBoerNumber of locations281 (June 30, 2020)Area servedUnited StatesParentChoice Hotels4 more rows
How many employees does Extended Stay America have?
Extended Stay America has 1,800 employees. 68% of Extended Stay America employees are women, while 32% are men. The most common ethnicity at Extended Stay America is White (62%), followed by Hispanic or Latino (16%) and Black or African American (12%).
Who is the CEO of Extended Stay America?
Jonathan S. Halkyard (Jan 1, 2018–)Extended Stay America / CEO
Where Is Extended Stay America headquarters?
Charlotte, NCExtended Stay America / Headquarters
When was Extended Stay America founded?
August 1997, Fort Lauderdale, FLExtended Stay America / Founded
Who bought WoodSpring suites?
Choice Hotels International today reached a definitive agreement to acquire WoodSpring Hotels Holdings, a portfolio company belonging to American private equity firm Lindsay Goldberg, for an estimated $231 million.
Who is the CEO of Extended Stay America?
Jonathan S. Halkyard (Jan 1, 2018–)Extended Stay America / CEO
Who owns woodspring?
Choice HotelsWoodSpring HotelsTypeExtended Stay HotelFounderJack DeBoerNumber of locations281 (June 30, 2020)Area servedUnited StatesParentChoice Hotels4 more rows
Where Is Extended Stay America headquarters?
Charlotte, NCExtended Stay America / Headquarters
When was Extended Stay America founded?
August 1997, Fort Lauderdale, FLExtended Stay America / Founded
When did Extended Stay America become a public company?
The company became a public company via an initial public offering on December 14, 1995. Extended Stay America acquired the extended-stay hotel chain StudioPLUS on April 11, 1997. The company also developed the Crossland Economy Studios brand as a budget extended-stay hotel brand. In 2013, the company moved its headquarters from Spartanburg, ...
When was Extended Stay America founded?
History. Extended Stay America was founded on January 9, 1995 in Fort Lauderdale, Florida by George D. Johnson, Jr. and Wayne Huizenga, both former executives from Viacom and its subsidiary Blockbuster LLC. The first two Extended Stay America hotels opened in August 1995 in Spartanburg, South Carolina and Marietta, Georgia.
How many hotels does Extended Stay America have?
As of December 31, 2019, the company owned and operated 557 hotel properties consisting of approximately 61,900 rooms and franchised or managed 73 hotel properties ...
When did Extended Stay America file for bankruptcy?
On June 15, 2009, Extended Stay America filed for bankruptcy protection under Chapter 11. Through debtor-in-possession financing, it was able to continue operating rather than to face liquidation.
When did Blackstone buy Extended Stay America?
The Blackstone Group, a private equity firm, acquired Extended Stay America in May 2004 for US$ 3.1 billion in cash and debt. At the time of the merger, Extended Stay America operated 475 hotels; Blackstone increased that number with the addition of 132 from Homestead Studio Suites. Homestead, which was founded by Security Capital in 1992, had been acquired by Blackstone in November 2001 for US$740 million. All of Blackstone's extended-stay hotels consisting of the Crossland, Extended Stay America, Homestead, StudioPlus, and, eventually, Extended Stay Deluxe brands were managed together by Extended Stay Hotels.
