Extended Stay America (STAY) Tops Q3 EPS by 4c; RevPAR Rose 3.7%
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Extended Stay America Announces Third Quarter 2016 Results
October 25, 2016 6:30 AM EDT-Third Quarter Net Income of $57.1 million
-Third Quarter Adjusted EBITDA1 of $185.7 million
-Third Quarter Total Revenues of $354.5 million
-Third Quarter Comparable Hotel2 Total Revenues Increase 3.9%
-Third Quarter Comparable Hotel Operating Margin1 Expands 150 basis points
-Updates 2016 Guidance
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Extended Stay America, Inc. and ESH Hospitality, Inc. (NYSE: STAY) (together, the Company)Â today announced consolidated results for the quarter ended September 30, 2016.
Third Quarter 2016 Highlights
Comparable Hotel... MoreExtended Stay America Announces Distributions for Third Quarter 2016
October 25, 2016 6:27 AM EDT- Distribution of $0.19 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 $0.19 per Paired Share for the third quarter of 2016. This includes a distribution of $0.03 per share payable to ESH Hospitality, Inc.s Class A and Class B common shareholders and a distribution of $0.16 per share payable to Extended Stay America, Inc.s common shareholders. These distributions will be payable on November 22, 2016 to shareholders of record as of November 8, 2016.... More
