Extended Stay America News

Extended Stay returns from Chapter 11

Extended Stay returns from Chapter 11

14th Jan 2010 in Hotel News

Bankrupt hotel change Extended Stay is to re-enter business after securing US$400m in a further sign of a recovery in the hotel real estate market. Investment firms Centerbridge Partners and Paulson & Co have agreed to invest in the long-stay specialist following its filing for Chapter 11 last June. → Read More

Extended Stay America, Inc. Releases Fourth Quarter, 1997 Financial Report

Press Release | 27th Jan 1998 in Hotel News

Extended Stay America, Inc. (NYSE: ESA) today reported the results of its operations for the three months and for the year ended December 31, 1997. Net income for the fourth quarter was $3.6 million or $.04 per share. Revenue more than tripled to $43.2 million as compared to $13.3 million for the fourth quarter last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) of $13.7 million for the quarter was more than six times the amount reported for the fourth quarter last year. → Read More

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