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

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Extended Stay America (NYSE: STAY) 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

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Posted-In: News Guidance Offerings Management IPOs

 

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