Extended Stay America (STAY) Tops Q3 EPS by 4c; RevPAR Rose 3.7%
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Go back to Extended Stay America (STAY) Tops Q3 EPS by 4c; RevPAR Rose 3.7%
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...
More
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
