Extended Stay America, the largest owner and operator of company-branded hotels in North America, filed on Monday with the SEC to raise up to $100 million in an initial public offering, although the deal size is likely just a placeholder. We estimate that the deal will raise between $500 million and $1 billion. The Charlotte, NC-based company, which was founded in 1995 and booked $1...read more
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Hotel chain Extended Stay America files for US IPO that could raise upwards of $500 million
Extended Stay America, the largest owner and operator of company-branded hotels in North America, filed on Monday with the SEC to raise up to $100 million in an initial public offering, although the deal size is likely just a placeholder. We estimate that the deal will raise between $500 million and $1 billion. The Charlotte, NC-based company, which was founded in 1995 and booked $1...read more