Extended Stay America Announces 28.25M Share IPO Priced between $18.00 and $21.00/Share

Extended Stay America

and ESH Hospitality (“ESH REIT”) today announced that they have commenced an initial public offering of 28,250,000 paired shares, consisting of Common Stock of … Extended Stay America and ESH Hospitality (“ESH REIT”) today announced that they have commenced an initial public offering of 28,250,000 paired shares, consisting of Common Stock of Extended Stay America, Inc., and Class B Common Stock of ESH Hospitality, Inc., which are attached and trade together as a Share. The Company and ESH REIT expect to grant the underwriters a 30-day option to purchase up to an additional 4,237,500 Shares. The initial public offering price is currently expected to be between $18.00 and $21.00 per Share. The Shares have been approved for listing on the New York Stock Exchange, subject to official notice of issuance, under the symbol "STAY." The majority