Key Developments: Extended Stay America Inc (STAY.N)

STAY.N on New York Stock Exchange

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30 Jan 2015
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Latest Key Developments (Source: Significant Developments)

Extended Stay America appoints Jonathan Halkyard as Chief Financial Officer
Wednesday, 17 Dec 2014 09:00am EST 

Extended Stay America Inc:Says Jonathan Halkyard will be appointed as Chief Financial Officer of Extended Stay America and its subsidiary, ESH Hospitality, Inc.Says Halkyard has served as both Chief Operating Officer and Interim CFO overseeing the company's operations and finance organizations while the company initiated search for permanent CFO following resignation of previous CFO last July.  Full Article

Extended Stay America Inc announces dividend for Q3 2014
Friday, 7 Nov 2014 07:01am EST 

Extended Stay America Inc:Board has declared a cash dividend of $0.15 per share for the Q3 2014, payable to ESH Hospitality, Inc.'s Class A and Class B common shareholders.Says dividend will be payable on Dec. 5, to shareholders of record as of Nov. 20.  Full Article

Extended Stay America Inc lowers FY 2014 outlook
Friday, 7 Nov 2014 07:01am EST 

Extended Stay America Inc:Now expects FY 2014 total revenues to increase 6.8 pct to 7.3 pct to about $1.210 to $1.216 billion.FY 2014 adjusted EBITDA to range between $550 to $560 million, representing about 6 to 8 pct growth over FY 2013.FY 2014 net income is anticipated to range from about $145.5 to $154.9 million.FY 2014 revenue of $1.234 bln and EBITDA of $586 mln - Thomson Reuters I/B/E/S.  Full Article

Extended Stay America, Inc announces pricing of secondary offering
Wednesday, 6 Aug 2014 07:00pm EDT 

Extended Stay America, Inc. and ESH Hospitality, Inc:Says pricing of a secondary offering of 21,000,000 Paired Shares, each Paired Share consisting of a share of common stock of Extended Stay America, Inc. and a share of Class B common stock of ESH Hospitality, Inc., which are attached and trade together as Paired Shares.The Paired Shares were offered by certain selling stockholders and were sold at a price of $21.75 per share.Says the selling stockholders have granted the underwriters for the offering a 30-day option to purchase up to an additional 3,150,000 Paired Shares from the Selling Stockholders.Says the company did not sell any Paired Shares in the offering and will not receive any proceeds from the offering.Says in addition, none of the Company's officers or directors sold any Paired Shares beneficially owned by them in the offering.Says Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan, Citigroup, BofA Merrill Lynch and Morgan Stanley are acting as joint book-running managers.Says Blackstone Capital Markets, Baird, Houlihan Lokey and Stifel are acting as co-managers.  Full Article

Extended Stay America Inc announces launch of secondary offering
Monday, 4 Aug 2014 04:08pm EDT 

Extended Stay America Inc:Commences secondary offering of 21,000,000 Paired Shares, each Paired Share consisting of share of common stock of Extended Stay America, Inc. and share of Class B common stock of ESH Hospitality, Inc.Says these are attached and trade together as Paired Shares, by certain selling stockholders.Underwriters will have a 30-day option to purchase up to an additional 3,150,000 Paired Shares from Selling Shareholders.Company will not sell any Paired Shares in offering and will not receive any proceeds from offering.In addition, none of Company's officers or directors are selling any Paired Shares beneficially owned by them in the offering.Deutsche Bank Securities Inc., Goldman, Sachs & Co. and J.P. Morgan will act as joint book-running managers and representatives of underwriters for the offering.  Full Article

Extended Stay America Inc reaffirms FY 2014 outlook
Thursday, 31 Jul 2014 07:00am EDT 

Extended Stay America Inc:Re-affirms its outlook for FY 2014.Expects FY 2014 total revenues to increase 7 pct. to 10 pct. to about $1.212 bln to $1.246 bln.Expects FY 2014 adjusted EBITDA to range between $570 mln to $600 mln, representing about 10 pct. to 16 pct. growth over FY 2013 adjusted EBITDA.Expects FY 2014 net income to range from about $164.3 mln to $194.2 mln.FY 2014 revenue of $1.232 bln and EBITDA of $586 mln - Thomson Reuters I/B/E/S.  Full Article

Extended Stay America Inc announces resignation of Chief Financial Officer
Monday, 21 Jul 2014 04:01pm EDT 

Extended Stay America Inc:Announces that Peter Crage, Chief Financial Officer since 2011, has notified the company of his intentions to leave for personal reasons as of July 31.Jonathan Halkyard has been appointed Interim Chief Financial Officer effective Aug.  Full Article

Extended Stay America Inc announces partner for Revenue Management System
Monday, 23 Jun 2014 07:30am EDT 

Extended Stay America Inc:Says selection of IDeaS Revenue Solutions, as the provider for a new Revenue Management System (RMS).Says Catering to diverse segment including business and leisure travelers, extended-stay guests and corporate clients, Extended Stay America will use IDeaS'forecasting and pricing capabilities to optimize revenues across all market segments and stay patterns.  Full Article

Extended Stay America announces offering of paired shares by selling shareholders
Tuesday, 10 Jun 2014 05:24pm EDT 

Extended Stay America Inc:Says the company and ESH Hospitality Inc have filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed secondary offering of 21,000,000 Paired Shares.Each Paired Share consisting of a share of common stock of Extended Stay America, Inc. and a share of Class B common stock of ESH Hospitality, Inc, which are attached and trade together as Paired Shares, by certain selling stockholders.Says the Company will not sell any Paired Shares in the offering and will not receive any proceeds from the offering.  Full Article

Extended Stay America announces launch of syndication of $375 mln senior secured term loan
Tuesday, 27 May 2014 07:30am EDT 

Extended Stay America Inc:Says that its subsidiary, ESH Hospitality, Inc., is seeking to raise a $375 mln Senior secured term loan to refinance the existing outstanding $365 mln of mezzanine debt and pay related transaction fees and expenses.Goldman Sachs Bank USA, Citigroup Global Markets Inc., Deutsche Bank Securities, and J.P. Morgan Securities LLC are the joint lead arrangers for the Term Loan.Consummation of the Term Loan is subject to a number of factors, including market interest and other conditions.  Full Article

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