Extended Stay America News

Extended Stay returns from Chapter 11

Extended Stay returns from Chapter 11

14th Jan 2010 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.

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

27th Jan 1998 Press Release 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.