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Extended Stay America, Inc., headquartered in Charlotte, North Carolina, is the operator of an economy apartment hotel chain in the United States and Canada. Prior to June 2021, when the company was acquired by Blackstone Real Estate and the Starwood Capital Group, it was publicly traded as a "paired share" with ESH Hospitality, Inc. , a real ...
Motel 6 also operates Studio 6, a chain of extended-stay hotels. Since 1986, the chain has also run radio advertisements narrated by Tom Bodett and featuring the slogan "we'll leave the light on for you". In 2012, The Blackstone Group acquired the hotel brand from Accor Hotels, and began managing it as part of its real estate business.
Wayne Huizenga was his business partner in the creation of Extended Stay America and later was involved in the creation of a major Blockbuster franchise, which eventually included 208 stores. [6] The pair later merged with Blockbuster, where Johnson was named a company president. [6] [7]
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Extended Stay America, Inc. ( NASDAQ:STAY ), might not be a large cap stock, but it led the NASDAQGS gainers with a...
Extended Stay America (STAY) has reached an agreement to be acquired by a 50/50 joint venture between Blackstone and Starwood Capital Group for $6 billion.
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