Formerly called
|
Extended Stay Hotels |
---|---|
Type
|
Public |
Traded as | NYSE: STAY |
Industry | Hotels |
Founded | January 9, 1995 (1995-01-09) in Fort Lauderdale, Florida |
Founders |
|
Headquarters | Charlotte, North Carolina, United States |
Number of locations
|
629 hotels (2015) |
Area served
|
North America |
Key people
|
Gerardo I. Lopez (CEO) Jonathan S. Halkyard (CFO) |
Revenue | US$1.3 billion (2015) |
Operating income
|
US$500.1 million (2015) |
Net income
|
US$283.0 million (2015) |
Total assets | US$4.5 billion (2015) |
Total equity | US$1.5 billion (2015) |
Number of employees
|
8,500 |
Website | www |
Extended Stay America, Inc. is the operator of an economy, extended-stay hotel chain consisting of 629 properties in the United States and Canada. It is listed on the New York Stock Exchange as a "paired share" with the real estate investment trust ESH Hospitality, Inc., the owner of the hotels. Extended Stay America is headquartered in Charlotte, North Carolina.
Extended Stay America was founded on January 9, 1995 in Fort Lauderdale, Florida by a George D. Johnson, Jr. and Wayne Huizenga, both former executives from Viacom and its subsidiary Blockbuster. The first two Extended Stay America hotels opened in August 1995 in Spartanburg, South Carolina and Marietta, Georgia. The company was listed on the NASDAQ on December 14, 1995. Extended Stay America acquired the extended-stay hotel chain StudioPLUS on April 11, 1997. The company also developed the Crossland Economy Studios brand as a budget, extended-stay hotel compared the mid-priced StudioPLUS and economy Extended Stay America brands. In 2013, the company moved its headquarters from Spartanburg to Charlotte, North Carolina.
The Blackstone Group, a private equity firm, acquired Extended Stay America in May 2004 for a total cost of US$3.1 billion in cash and debt. At the time of the merger, Extended Stay America operated 475 hotels; Blackstone increased that number with the addition of 132 from Homestead Studio Suites. Homestead, which was founded by Security Capital in 1992, had been acquired by Blackstone in November 2001 for US$740 million. All of Blackstone's extended-stay hotels—consisting of the Crossland, Extended Stay America, Homestead, StudioPlus, and, eventually, Extended Stay Deluxe brands—were managed together by Extended Stay Hotels.
Blackstone sold Extended Stay Hotels in June 2007 to the Lightstone Group for US$8 billion. The deal, financed with US$7 billion of debt, was one of several multibillion-dollar hotel and casino sales made that year. On June 15, 2009, Extended Stay America filed for bankruptcy protection under Chapter 11. After the Great Recession decimated leisure and business travel, Extended Stay faced shortages in liquidity stemming from the leveraged buyout by Lightstone two years before. Through debtor-in-possession financing, it was able to continue operating rather than to face liquidation.
In July 2010, an investment consortium made up of Blackstone, Paulson & Co., and Centerbridge Partners bought Extended Stay America through a bankruptcy auction for US$3.93 billion. After its successful reorganization, Extended Stay America emerged from bankruptcy in October 2010. A year after the bankruptcy, Blackstone was sued by creditors of Extended Stay America alleging that Blackstone "skimmed" US$2.1 billion off of the sale to Lightstone and knew that the amount of debt would have been unsustainable for the hotel chain; Blackstone settled the lawsuit in June 2013 for US$10 million.
In 2013, Blackstone filed for initial public offerings (IPO) for Extended Stay America and another hotel company it owned, Hilton Worldwide.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q2 2021 | 2021-08-09 | Future report Set alerts | |
Q1 2021 | 2021-05-10 | 0.04 | 0.04 |
Q4 2020 | 2021-02-25 | 0.16 | 0.16 |
Q3 2020 | 2020-11-09 | 0.00 | 0.00 |
Q2 2020 | 2020-08-10 | -0.04 | -0.05 |
Q1 2020 | 2020-05-06 | 0.07 | 0.04 |
Q4 2019 | 2020-02-26 | 0.14 | 0.13 |
Q3 2019 | 2019-11-06 | 0.33 | 0.28 |
Q2 2019 | 2019-08-06 | 0.32 | 0.32 |
Q1 2019 | 2019-05-01 | 0.16 | 0.15 |
2016-06-26 | Reiterated Rating | Deutsche Bank | Buy | |
2016-06-26 | Reiterated Rating | Deutsche Bank AG | Buy | |
2016-06-06 | Reiterated Rating | Nomura | Buy | $20.00 |
2016-06-06 | Reiterated Rating | Nomura Holdings Inc. | Buy | $20.00 |
2016-06-04 | Reiterated Rating | Deutsche Bank | Buy | |
2016-05-20 | Reiterated Rating | Bank of America | Neutral | $17.00 to $15.00 |
2016-05-20 | Reiterated Rating | Bank of America Corp. | Neutral | $17.00 to $15.00 |
2016-04-27 | Boost Price Target | MKM Partners | Neutral | $15.00 to $17.00 |
2016-04-26 | Reiterated Rating | Morgan Stanley | Hold | |
2016-02-29 | Lower Price Target | Barclays | Overweight | $23.00 to $21.00 |
2016-02-29 | Lower Price Target | Barclays PLC | Overweight | $23.00 to $21.00 |
2016-02-26 | Reiterated Rating | Nomura | Buy | $16.00 |
2016-02-26 | Reiterated Rating | Macquarie | Outperform | $25.00 |
2016-02-17 | Upgrade | Bank of America | Underperform to Neutral | $14.00 to $15.00 |
2016-02-16 | Lower Price Target | Robert W. Baird | $22.00 to $18.00 | |
2016-02-16 | Lower Price Target | Morgan Stanley | $16.00 to $15.00 | |
2016-02-08 | Lower Price Target | Nomura | $18.00 to $16.00 | |
2016-01-29 | Lower Price Target | Susquehanna | Neutral | $22.00 to $14.00 |
2016-01-14 | Downgrade | MKM Partners | Buy to Neutral | $24.00 to $16.00 |
2015-11-25 | Reiterated Rating | MKM Partners | Buy | $24.00 |
2015-11-16 | Lower Price Target | Robert W. Baird | Outperform | $24.00 to $22.00 |
2015-10-28 | Boost Price Target | Deutsche Bank | Buy | $25.00 to $26.00 |
2015-10-28 | Boost Price Target | Susquehanna | Neutral | $22.00 |
2015-10-26 | Lower Price Target | Nomura | Buy | $25.00 to $23.00 |
2015-08-28 | Reiterated Rating | MKM Partners | Buy | $24.00 |
2015-08-15 | Reiterated Rating | Barclays | Overweight | |
2015-08-03 | Upgrade | Robert W. Baird | Neutral to Outperform | $23.00 |
2015-07-31 | Reiterated Rating | Deutsche Bank | Buy | $24.00 to $25.00 |
2015-07-23 | Reiterated Rating | Deutsche Bank | Buy | $24.00 |
2015-07-21 | Lower Price Target | Bank of America | Neutral to Underperform | $23.00 to $20.00 |
2015-07-08 | Initiated Coverage | Lebenthal | Hold | $19.00 |
2015-05-05 | Boost Price Target | Susquehanna | Neutral | $21.00 to $23.00 |
2015-04-07 | Initiated Coverage | Nomura | Buy | |
2015-03-04 | Boost Price Target | MKM Partners | Buy | $23.00 to $24.00 |
2015-02-27 | Reiterated Rating | Deutsche Bank | Buy | $23.00 to $24.00 |
2014-12-16 | Initiated Coverage | JMP Securities | Market Perform | |
2014-12-01 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $27.00 to $20.00 |
2014-11-10 | Lower Price Target | MKM Partners | Buy | $32.00 to $23.00 |
2014-08-26 | Reiterated Rating | Barclays | Overweight | $29.00 to $28.00 |
2014-08-18 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $28.00 to $27.00 |
2014-02-27 | Boost Price Target | Susquehanna | $23.00 to $27.00 | |
2014-01-10 | Initiated Coverage | Macquarie | Outperform | $29.00 |
2013-12-24 | Initiated Coverage | Deutsche Bank | Buy | |
2013-12-23 | Initiated Coverage | Barclays | Overweight | |
2013-12-23 | Initiated Coverage | Bank of America | Buy | |
2013-12-23 | Initiated Coverage | Stifel Nicolaus | Hold | |
2013-12-23 | Initiated Coverage | Goldman Sachs | Neutral | |
2013-12-23 | Initiated Coverage | Robert W. Baird | Neutral | $23.00 |
2013-12-23 | Initiated Coverage | Citigroup Inc. | Neutral to Neutral | $28.00 to $23.00 |
2013-12-23 | Initiated Coverage | JPMorgan Chase & Co. | Overweight | $29.00 |
2013-12-03 | Initiated Coverage | MKM Partners | Buy | $32.00 |
2013-11-15 | Initiated Coverage | Susquehanna | Neutral |
2016-06-26 | Reiterated Rating | Deutsche Bank | Buy | |
2016-06-26 | Reiterated Rating | Deutsche Bank AG | Buy | |
2016-06-06 | Reiterated Rating | Nomura | Buy | $20.00 |
2016-06-06 | Reiterated Rating | Nomura Holdings Inc. | Buy | $20.00 |
2016-06-04 | Reiterated Rating | Deutsche Bank | Buy |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In STAY 36 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
COHEN & STEERS CAPITAL MANAGEMENT INC | 11.74M |
COLUMBIA WANGER ASSET MANAGEMENT LLC | 3.82M |
BlackRock Institutional Trust Company, N.A. | 3.01M |
INVESTMENT COUNSELORS OF MARYLAND LLC | 1.95M |
TIAA CREF INVESTMENT MANAGEMENT LLC | 1.35M |
TEACHERS ADVISORS INC | 0.89M |
BlackRock Fund Advisors | 0.83M |
CI Global Investments Inc. | 0.48M |
MANAGED ACCOUNT ADVISORS LLC | 0.43M |
Aperio Group, LLC | 0.36M |
Numeric Investors LLC | 0.24M |
BlackRock Group LTD | 0.21M |
RIVERHEAD CAPITAL MANAGEMENT LLC | 0.16M |
CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. | 0.15M |
PEAK6 Investments, L.P. | 0.15M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Centerbridge Associates, L.P. | 9.25% (18926592) | STAY / |
PAULSON & CO INC | 4.81% (9836590) | CIE / DXM / HMHC / NCQ / NG / OSG / SGYP / STAY / |
Centerbridge Credit Partners General Partner, L.P. | 1.74% (3564824) | STAY / |
Centerbridge Credit Partners, L.P. | 1.74% (3564824) | BALT / HERO / MPO / STAY / |
LOPEZ GERARDO I See Remarks | 0.46% (936633) | AMC / CBG / EAT / STAY / |
Halkyard Jonathan S See remarks | 0.20% (399570) | CZR / PLAY / STAY / |
SEDDON TOM See Remarks | 0.14% (278172) | STAY / |
GEOGA DOUGLAS GERARD | 0.07% (139426) | KMPR / STAY / |
Bardenett Thomas See Remarks. | 0.07% (138652) | STAY / |
BUOY M THOMAS See Remarks | 0.07% (137319) | STAY / |
WALLMAN RICHARD F | 0.06% (119558) | CRL / CVG / ROP / STAY / TRNX / |
HENRY KEVIN A See Remarks | 0.05% (105578) | LNCE / STAY / |
Flynn Ames See Remarks | 0.03% (57103) | STAY / |
Mendy Simon See Remarks | 0.03% (55852) | STAY / |
Alderman James G See Remarks | 0.03% (53966) | STAY / |
Kussell William A | 0.02% (49898) | STAY / |
Dent John See Remarks | 0.02% (39609) | STAY / |
Blackstone Real Estate Partners VI.A-ESH L.P. | 0.01% (29321) | STAY / |
Blackstone Real Estate Associates VI-ESH L.P. | 0.01% (29321) | BX / STAY / |
Weissman Howard J See Remarks | 0.01% (28191) | CCG / STAY / |
Clarkson David See Remarks | 0.01% (21659) | STAY / |
Anand Kapila K | 0.01% (14083) | STAY / |
DONALD JAMES See Remarks | 0.01% (14000) | STAY / |