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Affiliates of Blackstone, other firms to sell Extended Stay shares

Certain affiliates of Blackstone Group LP, Centerbridge Partners LP and Paulson & Co. Inc.commenced a secondary offering of 13.0 million paired shares of and ESHHospitality Inc.

Each paired share comprises a share of Extended Stay'scommon stock and a share of ESH Hospitality's class B common stock. Based onExtended Stay's Sept. 29 closing stock price of $14.53, the offering's grossproceeds are estimated to be roughly $188.9 million.

The company and its unit will not receive any proceeds fromthe offering.

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