Extended Stay America, Inc.

Extended Stay America, Inc.

Extended Stay America, Inc.

Overview
Date Founded

1995

Headquarters

11525 North Community House Road,Suite 100,Charlotte, NC 28277

Type of Company

Public

Employees (Worldwide)

7,900

Industries

Hotels, Resorts, and Cruiselines
Consumer Services
Casinos & Gaming

Company Description

Extended Stay America, Inc. engages in the operation and owning of hotels in North America. It operates through the Owned Hotels, and Franchise and Management segments. The Owned Hotels segment includes the earnings derived from the operation of the company-owned hotel properties and other hotel revenues. The Franchise and Management segment consists of earnings under contracts and agreements with third parties. The company was founded in 1995 and is headquartered in Charlotte, NC.

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Executives & Employees

President, Chief Executive Officer & Director

Chief Financial Officer

Secretary & General Counsel

Executive Vice President & Chief Commercial Officer

Chief Information Officer & Senior Vice President

Chief Accounting Officer & Controller

Chief Human Resources Officer & Executive Vice President

Executive Vice President, Property Operations

Executive Vice President-Human Resources

Executive Vice President-Hotel Operations

Board of Directors

President & Chief Executive Officer at Salt Creek Hospitality LLC

Chief Executive Officer at EDENS, Inc.

President, Chief Executive Officer & Director at Extended Stay America, Inc.

President & Chief Executive Officer at Clear Sky Associates LLC

Professor at Northwestern University - Kellogg School of Management

Former Senior Vice President & Chief Financial Officer at Honeywell International, Inc.

Former Partner & National Industry Director, Hospitality Services at KPMG LLP

President, Global Development at Sheraton Madison Hotel

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Extended Stay America, Inc.
Owners & Shareholders
Details Hidden

Blackstone's real estate investments are made in a variety of sectors, geographic locations and business climates. They make a significant number of investments in the lodging sector, major urban office buildings, residential properties, distribution and warehousing centers and a variety of real estate operating companies. Blackstone bases their investment strategy on identifying well-located institutional quality properties that suffer from temporary or correctable flaws in their tenancy, physical attributes, capital structures, market position or management.The firm's real estate philosophy is generally guided by the fundamental premise that future cash flow, not 'trophy status' or fashion, ultimately determines the value of an asset. Blackstone believes that rigorous due diligence, the use of conservative assumptions in projecting cash flows, and careful assessment of possible downside scenarios are the best methods for consistently achieving its objectives.In evaluating any investment opportunity, one of Blackstone's primary considerations is the potential exit strategy. To that end, the firm focuses on making investments in high quality, well-located assets. In addition, factors that reduce the value of an asset (such as ground leases, preemptive rights, long-term management contracts or other restrictions on the owner's control) are scrutinized during due diligence to determine the effects on value. Finally, the firm seeks investments with multiple exit strategies including private one-off sales, portfolio sales within common asset classes, mergers with existing public entities or initial public offerings of stand-alone operating companies.

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Long Pond Capital's funds aim to generate superior risk-adjusted returns by identifying asymmetry, defined as disconnect between stock price and intrinsic value, primarily in securities of companies in the real estate and real estate-related sectors. The firm employs a strategy of long/short fundamental value investing by implementing a rigorous, bottom-up research process to identify asymmetry in downside-protected securities that Long Pond believes to be misunderstood by the public markets. Their disciplined investment approach seeks to be repeatable and scalable by tracking investment theses, fundamental valuations and risk/reward metrics.

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RRAM employ a highly disciplined, proprietary investment approach which they refer to as \"Absolute Value.\" The strategy incorporates the most proven and enduring principles of value equity investing, with a specific avoidance of the pitfalls associated with the common Deep Value and Relative Value investment styles. The objective of this approach is to generate attractive, sustainable, low volatility returns over the long-term, with emphasis on minimizing downside portfolio risk. Their approach is based on four principal tenants: a focus on excellent companies trading at compelling prices; bottom-up portfolio construction; a focus on less efficient areas of the equity market; and risk aversion. RRAM's strategies include: Small Cap Value and Small-Mid Cap Value; Dividend All-Cap Value and Dividend All-Cap Value II; Long-Short Equity; and Focused Absolute Value.

Recent Transactions
Details Hidden

Extended Stay America, Inc. issued USD Common Stock

Details Hidden

Extended Stay America, Inc. issued USD Common Stock

Details Hidden

Extended Stay America, Inc. issued USD Common Stock

Transaction Advisors
Underwriter

Advised onExtended Stay America, Inc. issued USD Common Stock

Escrow Agent

Advised onExtended Stay America, Inc. issued USD Common Stock

Auditor

Advised onExtended Stay America, Inc. issued USD Common Stock

Legal Advisor

Advised onExtended Stay America, Inc. issued USD Common Stock

Legal Advisor

Advised onBlackstone Real Estate Advisors, Centerbridge Partners LP, Extended Stay America Inc /Private Group purchase Extended Stay America, Inc.

Associate

Advised onExtended Stay America, Inc. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Co-Chair, International Business Restructuring & Reorganization Practice Group at Gibson, Dunn & Crutcher LLP

Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Key Stats and Financials As of 2019
Market Capitalization
$1.88B
Total Enterprise Value
$5.55B
Earnings Per Share
$0.37
Revenue
$1.22B
Net Profit
$69.7M
EBITDAMargin
43.34%
EBITDA
$528M
Total Debt
$2.66B
Three Year Compounded Annual Growth Rate Of Revenue
-1.39%
Five Year Compounded Annual Growth Rate Of Revenue
0.08%
Enterprise Value Sales
4.56x
Enterprise Value EBITDAOperating
10.49x
TEVNet Income
79.67x
Debt TEV
0.48x
Total Equity
$1.18B
Non-Profit Donations & Grants
Investors
Details Hidden

Blackstone's real estate investments are made in a variety of sectors, geographic locations and business climates. They make a significant number of investments in the lodging sector, major urban office buildings, residential properties, distribution and warehousing centers and a variety of real estate operating companies. Blackstone bases their investment strategy on identifying well-located institutional quality properties that suffer from temporary or correctable flaws in their tenancy, physical attributes, capital structures, market position or management.The firm's real estate philosophy is generally guided by the fundamental premise that future cash flow, not 'trophy status' or fashion, ultimately determines the value of an asset. Blackstone believes that rigorous due diligence, the use of conservative assumptions in projecting cash flows, and careful assessment of possible downside scenarios are the best methods for consistently achieving its objectives.In evaluating any investment opportunity, one of Blackstone's primary considerations is the potential exit strategy. To that end, the firm focuses on making investments in high quality, well-located assets. In addition, factors that reduce the value of an asset (such as ground leases, preemptive rights, long-term management contracts or other restrictions on the owner's control) are scrutinized during due diligence to determine the effects on value. Finally, the firm seeks investments with multiple exit strategies including private one-off sales, portfolio sales within common asset classes, mergers with existing public entities or initial public offerings of stand-alone operating companies.

Details Hidden

Centerbridge Partners invests in companies located in the United States. The firm invests in a broad range of sectors and industries. Centerbridge Partners provides financing for private equity, credit, distressed and special situations capital requirements.

Suppliers
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Booking Holdings, Inc. engages in the provision of online travel and related solutions. The company offers services through the following brands: Booking.com, KAYAK, priceline, agoda, Rentalcars.com, and OpenTable. It provides accommodation reservations including hotels, hostels, apartments, vacation rentals, and other properties. The company was founded by Jay Scott Walker on July 18, 1997 and is headquartered in Norwalk, CT.

Expedia Group, Inc. Internet Software & Services | Bellevue, WA

Expedia Group, Inc. is an online travel company, which engages in the provision of travel products and services to leisure and corporate travellers. It operates through the following business segments: Core Online Travel Agency(OTA), Trivago, Vrbo, and Egencia. The Core OTA segment offers full range of travel and advertising services to worldwide customers through a variety of brands including: Expedia.com and Hotels.com. The Trivago segment involves in sending referrals to online travel companies and travel service providers from its hotel metasearch websites. The Vrbo segment operates an online marketplace for the alternative accommodations industry. The Egencia segment manages travel services to corporate customers worldwide. The company was founded in 1994 and is headquartered in Seattle, WA.

Automatic Data Processing, Inc. IT Consulting & Services

Automatic Data Processing is a comprehensive global provider of cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration, and a leader in business outsourcing services, analytics and compliance expertise. Their unmatched experience, deep insights and cutting-edge technology have transformed human resources from a back-office administrative function to a strategic business advantage.

Competitors
Marriott International, Inc. Hotels, Resorts, and Cruiselines - Bethesda, Maryland

Marriott International, Inc. engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: North American Full-Service, North American Limited-Service, Asia Pacific, and Other International. The North American Full-Service segment includes luxury and premium brands located in the U.S. and Canada. The North American Limited-Service segment comprises select properties located in the U.S. and Canada. The Asia Pacific segment focuses in all brand tiers in Asia Pacific region. The Other International segment represents its Caribbean and Latin America, Europe, and Middle East and Africa properties. The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.

Wyndham Hotels & Resorts, Inc. Hotels, Resorts, and Cruiselines - Parsippany, NJ

Wyndham Hotels & Resorts, Inc. engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising and Hotel Management. The Hotel Franchising segment offers licenses of brand names and associated trademarks to hotel owners under long-term franchise agreements. The Hotel Management segment provides management services. The company was founded in 1990 and is headquartered in Parsippany, NJ.

Choice Hotels International, Inc. Hotels, Resorts, and Cruiselines - Silver Spring, MD

Choice Hotels International, Inc. engages in hotel franchising and operations business. It operates through Hotel Franchising, and Corporate and Other segments. The Hotel Franchising segment refers to the hotel franchising operations consisting of the company's several hotel brands. The Corporate and Other segment deals with hotel revenues and rental income related to office building owned by the company. The company was founded in 1939 and is headquartered in Rockville, MD.

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