Showing Results for tag: Extended Stay America

ESA faces shareholder lawsuit

News Story / 09 July 2021

US: Extended Stay America is facing a lawsuit from one of its shareholders, a Michigan pension fund, after its recent sale.

ESA acquisition financed by mega-loan

News Story / 22 June 2021

US: Blackstone and Starwood Capital have part funded their acquisition of Extended Stay America with a $4.65 billion loan.

ESA director nominees go public against proposed $6 billion sale

News Story / 26 May 2021

US: Three directors who have been nominated to the board at Extended Stay America Inc by said on Tuesday that a proposed sale undervalues the company and they can help create value as board members if the company remains independent.

ESA shareholder vote set for June 8

News Story / 27 April 2021

US: Extended Stay America set June 8 as the date for a shareholder vote on its $6 billion acquisition by a 50/50 joint venture between Blackstone Real Estate Partners and Starwood Capital Group.

Shareholder opposition to ESA sale grows

News Story / 24 March 2021

US: Several major shareholders in Extended Stay America have expressed their opposition to the proposed sale of the company to a Starwood Capital/Blackstone JV.

ESA launches Premier Suites brand

News Story / 26 February 2021

US: Extended Stay America has announced the launch of Extended Stay America Premier Suites, a new brand with a higher price point than its existing portfolio.

ESA sells California property

News Story / 25 November 2020

US: Extended Stay America has sold an extended stay hotel in Milpitas, California, for $65 million.

ESA adds seven properties through TWC deal

News Story / 22 November 2020

US: Extended Stay America has added seven properties to its portfolio through conversions, bringing the total number of hotels in its system to 647.

US extended stay continues to outperform wider hotel sector

News Story / 12 November 2020

US: The extended stay hotel sector has reported a bigger growth in occupancy than the hotel sector as a whole, with economy extended stay occupancy for Q3 2020 down just 0.8 per cent compared to the same period in 2019.

REVPAR dip for ESA

News Story / 07 November 2019

US: Extended Stay America has announced its results for the three and nine months to September 30 2019.

ESA boosts pipeline by 18 per cent in Q2

News Story / 07 August 2019

USA: Extended Stay America (ESA) has recorded revenues of $323.7 million in Q2 2019, while boosting its pipeline by nearly a fifth.

ESA tops out at Florida property

News Story / 21 June 2019

US: Extended Stay America has topped out at its latest extended stay hotel, in Gibsonton-Riverview, Florida.

Uptown Suites opens eighth property

News Story / 03 May 2019

US: Uptown Suites has announced the official opening of its eighth extended stay property, Uptown Suites Denver Tech Center CO – Centennial.

Extended Stay America opens Houston property

News Story / 04 April 2019

US: Extended Stay America has announced the first franchise conversion in the brand’s history with the opening of the Extended Stay America Houston IAH Airport.

Sandpiper forms extended stay REIT

News Story / 28 December 2018

US: Sandpiper Cos, a developer and operator of extended stay hotels, has formed Sandpiper Lodging Trust, a privately held lodging REIT.

ESA plans latest Florida project

News Story / 10 December 2018

US: Extended Stay America (ESA) is planning to open a 124-key property on Interchange Boulevard in Ormond Beach, Florida.

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