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June 01, 2015 9:50 PM ET

Hotels, Restaurants and Leisure

Company Overview of Extended Stay America, Inc.

Company Overview

Extended Stay America, Inc. develops, owns, and operates hotels in the United States and Canada. As of December 31, 2014, the company had 682 hotels with approximately 76,000 rooms consisting of 632 hotels with approximately 69,600 rooms under the Extended Stay America brand; 3 hotels with 500 rooms under the Extended Stay Canada brand; and 47 hotels with approximately 5,900 rooms under the Crossland Economy Studios brand. It serves customers in the mid-priced extended stay segment. Extended Stay America, Inc. was founded in 1995 and is headquartered in Charlotte, North Carolina.

11525 North Community House Road

Suite 100

Charlotte, NC 28277

United States

Founded in 1995

4,000 Employees



Key Executives for Extended Stay America, Inc.

Chief Executive Officer and Director
Age: 60
Total Annual Compensation: $900.0K
Chief Financial Officer
Age: 49
Total Annual Compensation: $550.0K
Executive Vice President of Pricing & Revenue Optimization
Age: 45
Total Annual Compensation: $381.4K
Chief Human Resources Officer and Executive Vice President
Age: 46
Total Annual Compensation: $289.0K
Chief Marketing Officer
Age: 46
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2014.

Extended Stay America, Inc. Key Developments

Extended Stay America, Inc. and ESH Hospitality, Inc. Appoint Howard J. Weissman as Controller and Chief Accounting Officer, Effective May 21, 2015

On May 21, 2015, the Board of Directors of Extended Stay America, Inc. and the Board of Directors of ESH Hospitality, Inc. appointed Howard J. Weissman as Controller and Chief Accounting Officer of Extended Stay and ESH REIT, effective May 21, 2015. Mr. Weissman, 46, has served as Extended Stay’s Corporate Controller since November 2013 and served in the same position at HVM from December 2011 to November 2013. From May 2009 to December 2011, Mr. Weissman worked at Campus Crest Communities, Inc., serving as Senior Vice President and Corporate Controller. From July 2007 through May 2009, Mr. Weissman was Controller and Chief Accounting Officer of EOP Operating Limited Partnership, LP. From May 2003 through May 2007, Mr. Weissman served in a variety of positions with CarrAmerica Realty Corporation, a commercial office real estate company, including as Assistant Controller, Vice President of Shared Services and Controller.

Extended Stay America Announces Quarterly Cash Dividend, Payable on May 28, 2015

Extended Stay America announced a quarterly dividend, which will be paid on May 28, 2015. Stockholders of record on May 14, 2015 will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is May 12, 2015.

Extended Stay America, Inc. Announces Cash Distributions for First Quarter 2015, Payable on May 28, 2015

The Board of Directors of Extended Stay America, Inc. has declared a cash distribution of $0.02 per share for the first quarter of 2015. The dividend will be payable to the company’s common shareholders. The dividend will be payable on May 28, 2015 to shareholders of record as of May 14, 2015.

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