Extended Stay America, Inc. Buyback
OLI recorded this information on 1/5/2017
Company: |
Extended Stay America, Inc. |
Buyback: |
STAY buyback |
$Amount Authorized: |
$300,000,000 |
Buyback Details: |
Extended Stay America, Inc. and ESH Hospitality, Inc. (NYSE:STAY) (together, the "Company") today announced that the Company's Boards of Directors authorized an increase of the combined Paired Share repurchase program from $200 million to $300 million of Paired Shares and extended the maturity of the program through December 31, 2017, each effective January 1, 2017. The increase in Paired Share repurchase authorization highlights the Company's commitment to returning meaningful capital to shareholders while continuing to invest in the Company's hotel portfolio and growth opportunities. |
Extended Stay America is a holding company. Through its subsidiaries, Co. is an owner/operator of company-branded hotels in North America. Co.'s business operates in the extended-stay segment of the lodging industry. Co. has two reportable operating segments, owned hotels and franchise and management. Co. owns and operates hotel properties in several U.S. states and manages hotel properties for third parties. Co. operates its hotels under the Extended Stay America brand. Co.'s Extended Stay America-branded hotels feature in-room kitchens, WiFi, flat screen TVs with cable channels and on-site guest laundry.
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April 17, 2024 9:09 PM Eastern
Hold (1.83 out of 4)
100th percentile
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