Extended Stay America (STAY) Declares $0.15 Quarterly Dividend; 3.3% Yield

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Go back to Extended Stay America (STAY) Declares $0.15 Quarterly Dividend; 3.3% Yield

Extended Stay America Announces Distributions for Second Quarter 2015

July 30, 2015 7:05 AM EDT

- Distribution of $0.17 per Paired Share -

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Extended Stay America, Inc.s (NYSE: STAY) subsidiary, ESH Hospitality, Inc., today announced that its Board of Directors has declared a cash distribution of $0.15 per share for the second quarter of 2015, payable to ESH Hospitality, Inc.s Class A and Class B common shareholders. Additionally, the Board of Directors of Extended Stay America, Inc. has declared a cash distribution of $0.02 per share for the second quarter of 2015, payable to Extended Stay America, Inc.s common shareholders. These... More

Extended Stay America Announces Second Quarter 2015 Results

July 30, 2015 7:01 AM EDT

-RevPAR Increases 6.1%

-Net Income Increases 40.0%

-Adjusted EBITDA Increases 8.7%

-Raises 2015 Adjusted EBITDA and Net Income Guidance

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Extended Stay America, Inc. (NYSE: STAY) (the Company) today announced consolidated results for the quarter ended June 30, 2015.

Second Quarter 2015 Highlights

RevPAR grew 6.1% to $48.49 Revenue increased 5.7% to $340.3 million Adjusted EBITDA1 increased 8.7% to $171.7 million Hotel Operating Margin1 expanded 270 basis points to 57.1% Net income increased 40.0%... More