Who is extended stay affiliated with?

Who is extended stay affiliated with?

About Extended Stay (“ESA”) is the largest integrated hotel owner/operator in North America. Its subsidiary, ESH Hospitality, Inc. (“ESH”), is the largest lodging REIT in North America by unit and room count.

Is Extended Stay a franchise?

By 2018, Extended Stay America will be actively franchising, with interested partners having options to convert existing assets, buy and franchise existing hotels from Extended Stay America, or build new franchised properties.

Is Extended Stay owned by Marriott?

“Marriott is a leader in the extended-stay space, demonstrating our understanding and commitment to serve this rapidly growing community of traveling professionals.” The Marriott extended-stay portfolio consists of three distinct brands that are geared toward the needs of long-term stay guests.

Who bought out Extended Stay America?

Extended Stay America (STAY), along with its paired-share REIT, ESH Hospitality, Inc., has been acquired by funds managed by Blackstone Real Estate Partners (Blackstone) and Starwood Capital Group for $20.50 per paired share in a cash transaction worth $6 billion.

Does Extended Stay America have monthly rates?

Maximize your stay without maxing out your budget with our affordable weekly, biweekly and monthly rates. Whether you’re on assignment, between homes, relocating or just want to extend your vacation a bit longer, we understand that night after night in a hotel can add up.

Who bought ESA?

(“ESH” and together with ESA, the “Company”) (NASDAQ: STAY) announced today that it has signed a definitive agreement to be acquired by a 50/50 joint venture between funds managed by Blackstone Real Estate Partners (“Blackstone”) and Starwood Capital Group (“Starwood Capital”) for $19.50 per paired share in an all-cash …

Who owns Starwood Capital Group?

Barry Sternlicht
Barry Sternlicht is Chairman & CEO of Starwood Capital Group, the private alternative investment firm he formed in 1991 that is focused on global real estate, hotel management, oil and gas, and energy infrastructure. Mr.

How much does it cost to live in a motel for a month?

In a month, it can range anywhere from $2400 to $2800. Motels in Texas, however, can be at an average of $350 per week.