Extended Stay America

Hotel Group

The American hotel group Extended Stay America has a portfolio of 630 extended stay hotels in the United States and Canada. It is an integrated hotel group -an uncommon case in North America- as it is the operator & owner of its hotels via its subsidiary, a lodging REIT.

Key figures

Extended Stay America

Founded by Wayne Huizenga and George D. Johnson Jr., Extended Stay America opened its first two properties in South Carolina and Georgia in 1995. Two years later, the company acquired the midscale hotel chain StudioPLUS and developed its budget brand Crossland Economy Studios.

In 2004, the company was acquired by Blackstone, which added 132 Homestead Studio Suites (acquired by the PE fund in 2001) to the group's portfolio. The business was sold to the private real estate investment company Lightstone in 2007, before being bought out of bankruptcy by the consortium composed of Blackstone, Paulson & Co. and Centerbridge Partners in 2010. In 2017, they are gradually divesting the company.

Based in Charlotte, North Carolina, Extended Stay America currently manages 629 units offering 69,383 rooms in the United States & Canada and is the 19th largest hotel operator worldwide. The group operates hotels and owns them through its subsidiary ESH Hospitality Inc., a major lodging REIT.

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