In April 2020, The Blackstone Group acquired an 4.9% stake in the company and Starwood Capital Group acquired an 8.5% stake in the company….Extended Stay America.

Who owns extended stay?

In April 2020, The Blackstone Group acquired an 4.9% stake in the company and Starwood Capital Group acquired an 8.5% stake in the company….Extended Stay America.

Formerly Extended Stay Hotels
Number of locations 650 hotels (2022)
Area served North America
Key people Greg Juceam (CEO)
Revenue $1.218 billion (2019)

What do you mean by extended stay?

An extended stay hotel offers long term accommodation for guests. With amenities such as self-serve laundry and in-suite kitchens, they’re a cost-effective and convenient alternative to renting a traditional apartment.

What happened to extended stay?

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.

When did Extended Stay go public?

1995: Extended Stay (ESA) is incorporated and makes initial public offering of stock.

Is living in a hotel cheaper?

The short answer: living in a hotel is as expensive as you make it. It can be less expensive or more expensive than renting an apartment, depending on your standard of living and how you are able to deduct expenses. At first glance, living in a hotel may seem expensive.

How do I send to a hotel?

To send mail to an arriving guest, make sure to send the letter to the guest’s name with ‘in care of’ the hotel’s name and address. Then, make sure to label it “please hold for guest’s arrival on” and provide the guest’s estimated date and arrival time at the hotel.