Extended Stay America (STAY) Tops Q4 EPS by 2c
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Extended Stay America Announces Distributions for Fourth Quarter 2015
February 23, 2016 6:50 AM EST- Distribution of $0.17 per Paired Share -
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Extended Stay America, Inc. (NYSE: STAY) and its subsidiary, ESH Hospitality, Inc. today announced that their Boards of Directors have declared a combined cash distribution of $0.17 per Paired Share for the fourth quarter of 2015. This includes a distribution of $0.15 per share payable to ESH Hospitality, Inc.s Class A and Class B common shareholders and a distribution of $0.02 per share payable to Extended Stay America, Inc.s common shareholders. These distributions will be payable on March 22, 2016 to shareholders of record as of March 8,... More
Extended Stay America Announces Fourth Quarter and Full Year 2015 Results
February 23, 2016 6:50 AM EST- Comparable Hotel1 RevPAR grows 6.0% and 6.1% in the Fourth Quarter and Full Year, Respectively -
- Comparable Hotel Adjusted EBITDA2 grows 4.2% and 8.5% in the Fourth Quarter and Full Year, Respectively -
- Completed sale of 53 economy extended stay hotels for $285.0 million -
- Provides 2016 Guidance -
- Increases Paired Share Repurchase Authorization to $200 million -
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Extended Stay America, Inc. (NYSE: STAY) (the Company) today announced consolidated results for the fourth quarter and year ended December 31, 2015.
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