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A secondaryoffering of 13.0 million paired shares of and ESHHospitality Inc. by certain affiliates of Blackstone Group LP, Centerbridge Partners LP and Paulson & Co. Inc.priced at $14.25 apiece.
Each paired share comprises a share of Extended Stay'scommon stock and a share of ESH Hospitality's class B common stock.
The company and its unit will not receive any proceeds fromthe offering, which is set to close Oct. 4.
Goldman Sachs & Co. is the underwriter for the offering.