Articles tagged “extended stay america”

Extended Stay America Might Spin Off Its Real Estate Unit

Extended Stay America Might Spin Off Its Real Estate Unit

Deanna Ting, Skift

We're fairly certain Extended Stay America — just like nearly every other public hotel company in existence — will likely pursue a spin-off.

12 months ago

Extended Stay America’s New CEO Looks to Business Model Changes to Drive Growth

Extended Stay America’s New CEO Looks to Business Model Changes to Drive Growth

Deanna Ting, Skift

Given the rise of homesharing and shared workspaces, there are plenty of more external forces at work that will impact the extended stay market in the coming years. The key to success for Extended Stay America's new CEO will be taking these all into account.

2 years ago

Extended Stay America Gets New CEO in Signal That It Needs to Up Its Game

Extended Stay America Gets New CEO in Signal That It Needs to Up Its Game

Deanna Ting, Skift

Everyone wants a piece of the extended stay market, so it'll be interesting to see how the new CEO guides Extended Stay America in this increasingly competitive space.

2 years ago

Extended Stay America Beats Analysts’ Q3 Estimates

Extended Stay America Beats Analysts’ Q3 Estimates

Associated Press

The extended stay sector seemingly continues to sizzle as evidenced by Extended Stay America's third quarter of 2016 results.

3 years ago

Extended Stay America Beats Q1 Profit Forecasts as Stock Slide Slows

Extended Stay America Beats Q1 Profit Forecasts as Stock Slide Slows

Associated Press

Its stock isn't falling as fast as it had been over the year, which could be a good signal that hotel stocks will start to tick back upwards after a lackluster year.

3 years ago

Extended Stay America Sees a Potential Partner, Not a Threat From Airbnb

Extended Stay America Sees a Potential Partner, Not a Threat From Airbnb

Alexandra E. Petri, Skift

Extended stay hotels don't have a real threat from Airbnb, but they may have a good distribution partner in the platform.

4 years ago

Extended Stay Raises $565 Million in Its IPO, Starts Trading Tomorrow

Extended Stay Raises $565 Million in Its IPO, Starts Trading Tomorrow

Hui-Yong Yu, Bloomberg

Another big hotel industry exit for Blackstone.

6 years ago

Blackstone Maneuvers its La Quinta, Extended Stay and Hilton Chess Pieces

Blackstone Maneuvers its La Quinta, Extended Stay and Hilton Chess Pieces

Dennis Schaal, Skift

What is the right formula for Blackstone? Two IPOs and a sale or perhaps three IPOs -- namely for Extended Stay America, Hilton, and possibly La Quinta. It is so nice to have options.

6 years ago

Hotel Chain Extended Stay America Looks to Raise $500 Million in U.S. IPO

Neil Callanan, Bloomberg

Extended Stay America is just one of Blackstone's hotel assets that it's planning to take public. Blackstone's recent boom in activity is considered a sign of a rebounding hotel market.

6 years ago

Blackstone’s Hilton IPO Is Sure Sign of Hotel Industry’s Recovery

Hui-yong Yu, Bloomberg

Blackstone may have bought high in 2007, but it's made one smart decision after another as it built its hotel brands during the down years so that they'd be ready for the good ones.

6 years ago

Blackstone’s Extended Stay America Unveils IPO Plans

Blackstone’s Extended Stay America Unveils IPO Plans

Bloomberg

Blackstone acquired Extended Stay in 2004, improved it, sold it at a big profit in 2007, and then helped reacquire with others in 2009 at a steep discount. Now Blackstone plans to pull in some cash for Extended Stay again; it's just the latest plot twist.

6 years ago