Extended stay america comments on acquisition agreement

Charlotte, n.c., march 25, 2021 (globe newswire) -- extended stay america, inc. (“esa”) and its paired-share reit, esh hospitality, inc. (“esh” and together with esa, the “company”) (nasdaq: stay) today issued the following statement in connection with its previously announced definitive agreement to be acquired by a 50/50 joint venture between funds managed by blackstone real estate partners (“blackstone”) and starwood capital group (“starwood capital”) for $19.50 per paired share in an all-cash transaction valued at approximately $6 billion.
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