Extended Stay America (STAY) Misses Q3 EPS by 2c, Revenues Beat, Comp. System-Wide RevPAR Down 1.3%
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Extended Stay America Announces Third Quarter 2019 Results
November 6, 2019 5:02 PM EST- Net Income of $53.2 million in the Third Quarter
- Adjusted EBITDA1 of $156.3 million in the Third Quarter
- Franchise pipeline expands 12% to 58 hotels in the Third Quarter
- Repurchased 4.0 million Paired Shares in the Third Quarter
CHARLOTTE, N.C., Nov. 06, 2019 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. and ESH Hospitality, Inc. (together, the Company)Â (NASDAQ: STAY) today announced consolidated results for the three and nine months ended September 30, 2019.
Third Quarter 2019 Highlights
Net Income of $53.2 millionTotal revenues of $332.7... More