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Extended Stay America Inc (STAY.N)

STAY.N on New York Stock Exchange

17.77USD
23 May 2017
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Latest Key Developments (Source: Significant Developments)

Extended Stay America announces secondary offering and repurchase of paired shares
Thursday, 27 Apr 2017 04:38pm EDT 

April 27 (Reuters) - Extended Stay America Inc -:Extended Stay America announces secondary offering and repurchase of paired shares.Extended Stay America Inc - extended stay america, inc. And esh hospitality, inc. Announced that they have entered into a share repurchase agreement.Announced an underwritten secondary offering of 30 million paired shares.Extended Stay America - extended stay america and esh hospitality intend to repurchase 750,000 paired shares directly from selling stockholders.  Full Article

Extended Stay America Q1 adjusted EPS $0.15
Thursday, 27 Apr 2017 06:35am EDT 

April 27 (Reuters) - Extended Stay America Inc :Extended stay america announces first quarter 2017 results.Q1 revenue rose 1.2 percent to $291 million.Q1 adjusted earnings per share $0.15.Extended stay america inc - increases 2017 outlook for revpar and adjusted ebitda.Extended stay america inc- increases 2017 outlook for revpar and adjusted ebitda.Qtrly adjusted FFO per share $0.35.Extended stay america inc - sees fy total revenues $1,285 million - $1,310 million.Says if asset sales are completed in q2, expect it will reduce 2017 total revenues by $7 million to $8 million.Extended stay america inc - sees fy revpar 1.5% - 3.5%.Extended stay america inc - sees fy net income $175 - $188 million.Extended stay america inc - if asset sales are completed in q2, expect it will reduce 2017 adjusted ebitda by $3 million to $3.5 million for full year.Q1 FFO per share view $0.38 -- Thomson Reuters I/B/E/S.Q1 earnings per share view $0.12, revenue view $289.9 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $1.00, revenue view $1.30 billion -- Thomson Reuters I/B/E/S.  Full Article

Extended Stay America announces secondary offering
Monday, 6 Mar 2017 05:43pm EST 

Extended Stay America Inc : Extended Stay America announces secondary offering and repurchase of paired shares . Extended Stay America Inc - announced an underwritten secondary offering of 25 million paired shares . Extended Stay America Inc - none of company's officers or directors are selling any paired shares beneficially owned by them in offering . Extended Stay America-each paired share consists of a share of stock of extended stay america and a share of class b stock of esh hospitality inc . Extended Stay America Inc - extended stay America, Inc. And esh hospitality, inc. Expect to fund share repurchase from cash on hand . Co and esh hospitality inc have entered into a share repurchase agreement with selling stockholders .Extended Stay America Inc - pursuant to agreement, intend to repurchase 625,000 paired shares directly from selling stockholders.  Full Article

Extended Stay America Q4 revenue $295.7 million
Tuesday, 28 Feb 2017 06:45am EST 

Extended Stay America Inc : Extended Stay America announces fourth quarter and full year 2016 results . Q4 same store sales rose 4.2 percent . Q4 adjusted earnings per share $0.20 . Q4 revenue $295.7 million versus I/B/E/S view $292.8 million . Q4 earnings per share view $0.14 -- Thomson Reuters I/B/E/S . Qtrly comparable hotel total revenues grew 4.2% to $295.7 million . Extended Stay America Inc sees 2017 total revenues of $1,279 million - $1,305 million . Sees 2017 total revenues in range of $1,279 million- $1,305 million . Sees 2017 revpar in range of 1% - 3% . Extended Stay America Inc sees 2017 capital expenditures of $150 million to $180 million . Sees 2017 net income in range of $ 181 million - $ 194 million . FY2017 earnings per share view $1.03, revenue view $1.30 billion -- Thomson Reuters I/B/E/S .Extended Stay America Inc sees 2017 adjusted EBITDA in range of $620 million to $635 million.  Full Article

Extended Stay America announces $100 mln increase in paired share repurchase authorization
Thursday, 5 Jan 2017 07:30am EST 

Extended Stay America Inc : Extended Stay America announces $100 million increase in paired share repurchase authorization . Extended maturity of program through December 31, 2017, each effective January 1, 2017 .Extended Stay America - board authorized an increase of combined paired share repurchase program from $200 million to $300 million of paired shares.  Full Article

Extended Stay America announces third quarter 2016 results
Tuesday, 25 Oct 2016 06:30am EDT 

Extended Stay America Inc : Extended Stay America announces third quarter 2016 results . Q3 same store sales rose 3.9 percent . Q3 revenue $354.5 million versus i/b/e/s view $352 million . Q3 adjusted earnings per share $0.36 . Extended Stay America Inc - q3 comparable hotel total revenues increase 3.9% . Q3 earnings per share view $0.34 -- Thomson Reuters I/B/E/S . Revpar for three months ended september 30, 2016 grew 7.5% over same period in 2015 . Sees FY total revenues $1,261 million - $1,267 million . Sees FY comparable hotel revenue 3.6% - 4.1% . FY2016 revenue view $1.26 billion -- Thomson Reuters I/B/E/S .Sees capital expenditures between $220 million to $235 million in fy2016.  Full Article

Extended Stay America says entered into a share repurchase agreement with ESH Hospitality
Thursday, 29 Sep 2016 04:31pm EDT 

Extended Stay America Inc : Extended Stay America announces secondary offering and repurchase of paired shares . Underwritten secondary offering of 13 million paired shares .Says repurchase agreement to repurchase 1.95 million paired shares directly from selling stockholders.  Full Article

Extended Stay America Q2 adjusted EPS $0.31
Thursday, 28 Jul 2016 06:30am EDT 

Extended Stay America Inc : Extended Stay America Inc sees FY 2016 capital expenditures are expected to range from $240 million to $260 million . Extended Stay America announces second quarter 2016 results . Q2 same store sales rose 3.4 percent . Sees FY 2016 revenue $1.257 billion to $1.272 billion . Q2 revenue $332.8 million versus i/b/e/s view $336.8 million . Q2 adjusted earnings per share $0.31 . Q2 earnings per share view $0.29 -- Thomson Reuters I/B/E/S . Extended Stay America Inc qtrly Q2 total revenues of $332.8 million . Extended Stay America Inc sees FY 2016 comparable hotel total revenues are expected to increase by approximately 3.25% to 4.50% .Extended Stay America Inc sees FY 2016 net income is anticipated to range from $162 million to $188 million.  Full Article

Extended Stay America Inc reaffirms FY 2016 revenue and EBITDA guidance; lowers FY 2016 net income guidance
Tuesday, 26 Apr 2016 06:30am EDT 

Extended Stay America Inc:Expects FY 2016 total revenues to range from $1.266 billion to $1.290 billion.Expects FY 2016 adjusted EBITDA to range from $600 million to $620 million.Expects FY 2016 net income is anticipated to range from $151 million to $180 million, reflecting both the higher expected interest expense and reduced effective tax rate.  Full Article

Extended Stay America, Inc announces proposed private offering of add-on notes
Friday, 11 Mar 2016 07:40am EST 

Extended Stay America, Inc:Announces proposed private offering of add-on notes.Unit intends to offer an additional $500 million aggregate principal amount of 5.25% senior notes due 2025.Says notes will be issued under the same indenture as the 5.25% senior notes due 2025 issued by esh reit on may 15, 2015.Intends to use proceeds to repay all amounts outstanding under term loan and outstanding under existing mortgage loan.  Full Article

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