Extended Stay America Announces Dividend for First Quarter 2014
CHARLOTTE, N.C. -- April 24, 2014
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)
Terry Atkins, 980-345-1648 (Media)
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