CHARLOTTE, N.C.--(BUSINESS WIRE)--
Extended Stay America, Inc.’s (NYSE:STAY) (the “Company”) subsidiary,
ESH Hospitality, Inc., today announced that its Board of Directors has
declared a cash dividend of $0.15 per share for the first quarter 2014,
payable to ESH Hospitality, Inc.’s Class A and Class B common
shareholders. The dividend will be payable on May 22, 2014, to
shareholders of record as of May 8, 2014.
About Extended Stay America
Extended Stay America, Inc., the largest owner/operator of
company-branded hotels in North America, owns and operates 684 hotels in
the U.S. and Canada comprising approximately 76,200 rooms and employs
approximately 10,000 employees in its hotel properties and headquarters.
The Company owns and operates hotels under the core brand Extended Stay
America®, which serves the mid-priced extended stay segment, and other
brands. Visit www.extendedstay.com
for more information about the Company and its services.
Forward Looking Statements
This press release may contain forward-looking statements with the
meaning of the federal securities laws. Statements related to, among
other things, payment of dividend, future financial performance and
flexibility, debt pay down and dividend growth, as such, may involve
known and unknown risks, uncertainties and other factors that may cause
the Company’s actual results or performance to differ from those
projected in the forward-looking statements. For a description of
factors that may cause the Company’s actual results or performance to
differ from any forward-looking statements, please review the
information under the heading “Risk Factors” included in the Company’s
combined annual report on Form 10-K filed with the SEC on March 20, 2014
and other documents of the Company on file with or furnished to the SEC.
Any forward-looking statements made in this press release are qualified
by these cautionary statements, and there can be no assurance that the
actual results or developments anticipated by the Company will be
realized or, even if substantially realized, that they will have the
expected consequences to, or effects on, the Company or its business or
operations. Except as required by law, the Company undertakes no
obligation to update publicly or revise any forward-looking statement,
whether as a result of new information, future developments or
otherwise. We caution you that actual outcomes and results may differ
materially from what is expressed, implied or forecasted by the
Company’s forward-looking statements.
Extended Stay America, Inc.
Kay Sharpton, 980-345-1546 (Investors)
Atkins, 980-345-1648 (Media)
Source: Extended Stay America, Inc.