Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Extended Stay America Launches Premier Suites Nation’s Leading Extended Stay Hotel Company Launches Elevated Experience with 25 Properties Across the U.S. CHARLOTTE, N.C., June 29, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, the nation’s leading mid-priced extended stay hotel company, is pleased to announce the launch of Extended Stay America Premier Suites. The elevated brand builds on the strength of Extended Stay America’s industry-leading portfolio of more than 650 hotels. Comprised of 25 new or completely renovated properties across the United States, Extended Stay America Pr...
A director at Extended Stay America Inc sold 42,501 shares at 18.750USD and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ye...
Blackstone and Starwood Capital Group Complete Acquisition of Extended Stay America CHARLOTTE, N.C., June 16, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and, together with ESA, “Extended Stay” or the “Company”) (NASDAQ: STAY) today announced the completion of their previously announced acquisition by funds managed by Blackstone Real Estate Partners (“Blackstone”) and Starwood Capital Group for $20.50 per paired share in cash in a transaction valued at approximately $6 billion. As required under the terms of the C...
Extended Stay America Shareholders Vote to Approve Transaction With Blackstone and Starwood Capital CHARLOTTE, N.C., June 11, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and, together with ESA, “Extended Stay” or the “Company”) (NASDAQ: STAY) today announced that preliminary results show holders of a majority of its shares have voted in favor of the previously announced amended merger agreement under which the company will be acquired by funds managed by Blackstone Real Estate Partners (“Blackstone”) and Starwood Ca...
Extended Stay America Urges Shareholders to Vote FOR Transaction With Blackstone and Starwood Capital Special Meeting to Approve Transaction Will Be Held This Friday, June 11th Leading Independent Proxy Advisor ISS Recommends Shareholders Vote in Favor; Board Unanimously Agrees Shareholders Should Consider Meaningful Downside Risk if the Transaction is Not Approved, Which Has Been Acknowledged by Independent Third Parties CHARLOTTE, N.C., June 09, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and, together with ESA...
ISS Recommends Extended Stay America Shareholders Vote for the Amended Transaction With Blackstone and Starwood Capital Proxy Advisor Reverses Previous Position, Recommends Increased $20.50 Per Paired Share Merger Price CHARLOTTE, N.C., June 04, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and, together with ESA, “Extended Stay” or the “Company”) (NASDAQ: STAY) today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has reversed its prior voting recommendation...
Blackstone and Starwood Capital Increase Offer to Acquire Extended Stay America to $20.50 in Cash Per Paired Share and Amend Definitive Merger Agreement Represents “Best and Final” Offer from Blackstone and Starwood Capital and Provides Enhanced, Immediate and Certain Value Amended Agreement Unanimously Approved by Both Extended Stay Boards of Directors Special Meetings to be Adjourned to June 11, 2021 Shareholders Urged to Vote “FOR” the Amended Transaction on the WHITE Company Proxy Card CHARLOTTE, N.C., June 01, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”)...
Extended Stay America Files Investor Presentation in Support of Transaction with Blackstone and Starwood Capital Urges Shareholders to Vote on June 8 “FOR” the Sale on the WHITE Company Proxy Card CHARLOTTE, N.C., May 19, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and, together with ESA, “Extended Stay” or the “Company”) (NASDAQ: STAY) today filed an investor presentation with the Securities and Exchange Commission highlighting the immediate and compelling value the Company’s transaction with Blackstone and Starwo...
Extended Stay America Responds to Tarsadia and Highlights Compelling Reasons to Support the Transaction with Blackstone and Starwood Capital New Letter to Shareholders Provides Comprehensive Discussion of the Transaction Rationale and the Immediate, Certain and Compelling $19.50 Per Paired Share Cash Value Addresses Tarsadia’s Misleading and Flawed Arguments Urges Shareholders Vote “FOR” the Transaction on the WHITE Company Proxy Card in Vote Set for June 8, 2021 CHARLOTTE, N.C., May 14, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospi...
Extended Stay America Announces First Quarter 2021 Results CHARLOTTE, N.C., May 10, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and ESH Hospitality, Inc. (NASDAQ:STAY) (together, the “Company”) today announced consolidated results for the three months ended March 31, 2021. Financial and Operating Results Total revenues for the three months ended March 31, 2021 were $259.6 million, a decrease of 2.5% over the same period in 2020 and a decrease of 6.5% over the same period in 2019. Compar...
Extended Stay America Files Definitive Proxy Materials in Connection With the Acquisition Agreement With Blackstone and Starwood Capital Sets June 8, 2021 as Special Meeting Date to Vote on the Transaction Letter to Shareholders Highlights Immediate, Compelling and Certain Value of the Transaction that is Superior to Execution of Standalone Plan Says Future Value Creation Beyond Transaction Price Would Require Flawless Execution and Significant Multiple Re-Rating Underscores Transaction Price at 50%+ Premium to Pre-Pandemic Share Price Already Reflects Substantial Credit for Strategic P...
The independent financial analyst theScreener just slightly lowered the general evaluation of EXTENDED STAY (US), active in the Hotels industry. The title has lost a star(s) at the fundamental level and now shows 3 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date April 16, 2021, the closi...
Extended Stay America Files Preliminary Proxy Statement and Reiterates Board and Management Support for Acquisition Agreement With Blackstone and Starwood Capital Transaction Provides Immediate, Certain and Compelling Value to Shareholders Represents Superior Value to the Continued Execution of Extended Stay’s Strategic Plan on a Time and Risk-Adjusted Basis Marks Culmination of Thorough Actions to Explore Value-Enhancing Alternatives CHARLOTTE, N.C., April 13, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and, toge...
Extended Stay America Comments on Acquisition Agreement CHARLOTTE, N.C., March 25, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and together with ESA, the “Company”) (NASDAQ: STAY) today issued the following statement in connection with its previously announced definitive agreement to be acquired by a 50/50 joint venture between funds managed by Blackstone Real Estate Partners (“Blackstone”) and Starwood Capital Group (“Starwood Capital”) for $19.50 per paired share in an all-cash transaction valued at approximately $...
Blackstone and Starwood Capital Group to Acquire Extended Stay America CHARLOTTE, N.C., March 15, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and together with ESA, the “Company”) (NASDAQ: STAY) announced today that it has signed a definitive agreement to be acquired by a 50/50 joint venture between funds managed by Blackstone Real Estate Partners (“Blackstone”) and Starwood Capital Group (“Starwood Capital”) for $19.50 per paired share in an all-cash transaction valued at approximately $6 billion. The $19.50 per pa...
Extended Stay America Announces Fourth Quarter and Full Year 2020 Results - Net income of $65.7 million in the Fourth Quarter, $96.3 million for the Full Year 2020- Adjusted EBITDA1 of $89.3 million in the Fourth Quarter, $374.1 million for the Full Year 2020- Comparable system-wide RevPAR decrease of 9.4% in the Fourth Quarter, -15.0% for the Full Year 2020- Announces quarterly distribution of $0.09 per Paired Share- RevPAR Index increased 40% to 140 in the Fourth Quarter, +31.6% to 127 for the Full Year 20202 CHARLOTTE, N.C., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Extended Stay Americ...
Extended Stay America launches new Premier Suites brand Extended Stay America Premier Suites to launch with more than 30 properties. CHARLOTTE, N.C., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the launch of Extended Stay America Premier Suites. The new brand will feature new construction and fully renovated properties with upgraded amenities to target higher-rated extended-stay guest segments, expanding Extended Stay America’s reach. The Company will also rebrand the remaining portfolio t...
Extended Stay America Expands Footprint in Oklahoma CHARLOTTE, N.C., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the addition of three properties in Oklahoma through franchise conversions. The properties are all owned by Dallas-based Provident Realty Advisors, Inc. and will be operated by Plano, Texas-based Aimbridge Hospitality, the leading, global, third-party hotel management company. The properties include: Extended Stay America Bartlesville – Hwy 75, Bartlesville, OklahomaExtended Sta...
Extended Stay America Hosts Military Makeover with Montel®, Providing a Home Away from Home for a Military Family CAPE CORAL, Fla., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, the leading mid-priced extended stay hotel company, is pleased to announce that it is the exclusive hospitality partner for season 25 of the home improvement show, Military Makeover with Montel® airing on Lifetime TV and on the American Forces Network. Extended Stay America hosted Army Staff Sergeant Daniel Burgess and his family of four, providing them a home away from home at its Extended Stay America...
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