Extended Stay America announced that they filed a registration statement with the U.S. Securities and Exchange Commission as related to the company's proposed initial public offering. The offering will be for the common stock of Extended Stay America, Inc. Included in the registration statement by Extended Stay America, Inc are Class B common stock for ESH Hospitality, Inc. The stocks will be attached and traded together as a single unit.
Number of shares offered and the set price range for the offering were not determined in the filing. The registration statement related to the securities was filed with the SEC. Extended Stay America, Inc is still waiting for the approval from the Securities and Exchange Commission.
Goldman, Sachs & Co, Deutsche Bank Securities and J.P. Morgan Chase were hired by Extended Stay America, Inc to act as the joint book-running managers for the public offering.
Extended Stay, with headquarters in Charlotte, North Carolina has 684 locations scattered all across the United States and Canada. Extended Stay America, owned and operated by Extended Stay serves mid-priced extended stay sector. The Extended Stay America Inc is the largest operator and owner of company branded hotels in North America.
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