Profile: Extended Stay America Inc (STAY.O)
19 Jul 2019
Extended Stay America, Inc. (Extended Stay), incorporated on July 8, 2013, is an integrated owner/operator of Company-branded hotels in North America. The Company operates in hotel operations segment. The Company's business operates in the extended stay sector of the lodging industry. As of December 31, 2016, the Company owned and operated 629 hotels comprising approximately 69,400 rooms located in 44 states across the United States and in Canada. The Company owns and operates its hotels under its brand, Extended Stay America, which serves the mid-price extended stay sector. As of December 31, 2016, the Company also owned and operated three Extended Stay Canada hotels. The Company operates its hotels owned by ESH Hospitality, Inc. (ESH REIT). The hotels are operated by the Operating Lessees, subsidiaries of the Company and are managed by ESA Management LLC (ESA Management), a subsidiary of the Company. ESH Strategies, a subsidiary of the Company, owns the brands related to its business.
The Company's extended stay hotels are designed to provide lodging or apartment accommodations. The Company's hotels feature rooms with in-room kitchens, complimentary grab-and-go breakfast, free Wireless Fidelity (Wi-Fi), flat screen televisions and on-site guest laundry. Its guests include business travelers, leisure travelers, professionals on temporary work or training assignments, persons relocating, temporarily displaced or purchasing a home and anyone else in need of temporary housing. Its guests generally rent accommodations on a weekly or longer-term basis.
The Company competes with Priceline.com, Booking.com and Expedia.com.
Extended Stay America Inc
11525 N Community House Rd Ste 1
CHARLOTTE NC 28277-3610