Notes:  June 16, 2021 -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and, together with ESA, “Extended Stay” or the “Company”) (NASDAQ: STAY) today announced the completion of their previously announced acquisition by funds managed by Blackstone Real Estate Partners (“Blackstone”) and Starwood Capital Group for $20.50 per paired share in cash in a transaction valued at approximately $6 billion. As required under the terms of the Company’s definitive merger agreement, the Board of Directors of ESA, on June 15, 2021, declared a special cash dividend of $1.75 per share of common stock of ESA that was paid immediately before the effective time of the mergers to holders of record as of the close of business on June 15, 2021. Company shareholders who held their paired shares of common stock on the record date for the special cash dividend and through the effective time of the mergers are entitled to receive an aggregate of $20.50 in cash, consisting of the $1.75 special cash dividend and merger consideration which, as reduced by the $1.75 special cash dividend, was comprised of $10.40 per share of ESA common stock and $8.35 per share of Class B common stock of ESH. As a result of the transaction, the paired shares will cease trading on the Nasdaq Global Select Market. Trading begins on the NYSE on 11/13/2013 in the Common Stock, $0.01 par value of Extended Stay America, Inc. and Class B Common Stock, $0.01 par value of ESH Hospitality, Inc., which are attached and trade together as a share. A Share of Extended Stay America provides an investor an interest in Extended Stay America, Inc., which operates the hotel properties, and an interest in ESH Hospitality, Inc., which owns the hotel properties.

Company's Online Information Links

HOME PAGE:     https://www.aboutstay.com/
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Company's Online SEC EDGAR Filings

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Company's Email Address Links

Inv Rel Email Address	investorrelations@esa.com
General Email Address	investorrelations@extendedstay.com
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Address and Phone Numbers

Address:   11525 N. Community House Road, Suite 100, Charlotte, NC 28277
Main Phone Number	980-345-1600
Fax Number	Not Available
Investor Relations   Rob Ballew	980-345-1546
Toll Free Phone Number	800-804-3724

CEO - James L. Donald

CFO - Peter J. Crage