CHARLOTTE, N.C., June 11, 2018 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. and its paired-share REIT, ESH Hospitality, Inc., (NYSE:STAY), today announced that it will transfer the listing of the paired shares of Extended Stay America, Inc.’s common stock and ESH Hospitality, Inc.’s Class B common stock from the New York Stock Exchange (the “NYSE”) to The Nasdaq Global Select Market (Nasdaq). The Company expects that the paired shares will commence trading on Nasdaq on June 26, 2018, and will continue to be listed under the “STAY” ticker symbol. The Company will continue to trade on the NYSE until the transfer is completed.
“As the leader in the mid-priced extended stay segment, we are thrilled to join other iconic brands listed on Nasdaq,” said Jonathan Halkyard, President and Chief Executive Officer. “The partnership with Nasdaq will provide us with a comprehensive suite of trading services, visibility assets and investor relations intelligence powered by cutting-edge technology. We look forward to leveraging Nasdaq’s platform to benefit our investors and customers worldwide.”
“Extended Stay America is known for its commitment in providing the best value to business and individual guests working on projects and in transitions,” said Nelson Griggs, President, Nasdaq Stock Exchange “Nasdaq is proud to welcome Extended Stay America to our market and we look forward to a long-term partnership with the company and its shareholders.”
About Extended Stay America
Extended Stay America, Inc. is the largest integrated hotel owner/operator in North America. Its subsidiary, ESH Hospitality, Inc., is the largest lodging REIT in North America by unit and room count, with 599 hotels and approximately 66,000 rooms in the U.S. ESA manages all of ESH’s hotel properties and also manages 27 additional Extended Stay America hotels, providing over 8,000 jobs at Extended Stay America’s hotels and corporate headquarters. Extended Stay America® is the leading brand in the mid-priced extended stay segment, with approximately twice as many rooms as its nearest competitor. Visit www.esa.com for more information.
