trending Market Intelligence /marketintelligence/en/news-insights/trending/sdrbw9g696bwvvzauscxeq2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Extended Stay secondary offering wraps up

TMT: Leading Trends And What To Watch

US Utility Commissioners: A Key Factor In Assessing Regulatory Risk

Municipal-Run Fiber Tops 280000 Subscribers In 2018

The Essential Conference 2019 Highlight Reel


Extended Stay secondary offering wraps up

The secondary offering of 13.0 million paired shares of andESH Hospitality Inc. closed, with no proceeds to the company.

Certain affiliates of Blackstone Group LP, Centerbridge Partners LP and Paulson & Co. Inc. werethe selling stockholders in the offering, which closed Oct. 4 and was priced at$14.25 per share. Each paired share comprises a share of Extended Stay's commonstock and a share of ESH Hospitality's class B common stock.

Extended Stay on the same day closed its share repurchaseprogram, paying roughly $27.6 million to buy back 1,950,000 paired shares fromthe selling stockholders. It funded the share repurchase with cash on hand.

Goldman Sachs & Co. was the underwriter for the offering.