Extended Stay America (STAY) Reports In-Line Q2 EPS, Revs Miss
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Extended Stay America Reports Second Quarter 2017 Results
August 1, 2017 6:45 AM EDT-Net Income of $49.7 million
-Adjusted EBITDA1 grows 5.0% to $172.8 million
-Hotel Operating Margin1 expands by 90 basis points to 56.7%
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Extended Stay America, Inc. (NYSE: STAY) (the Company) today announced consolidated results for the three and six months ended June 30, 2017.
Second Quarter 2017 Highlights
Comparable Hotel2 Revenue Per Available Room (RevPAR) grew 2.4% to $53.04 Net Income of $49.7 million Adjusted EBITDA increased 5.0% to $172.8 million... More