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Lightstone acquired Extended Stay Hotels for a total of $8.1 billion, making Lightstone the parent company of one of the largest mid-priced hotel brands in the United States. At the time, it was said the hotel group had 683 hotels across 44 US states and Canada. [12] Extended Stay later sought bankruptcy protection due to the Great Recession. [2]
The first two Extended Stay America hotels opened in August 1995 in Spartanburg, South Carolina and Marietta, Georgia. [3] The company became a public company via an initial public offering on December 14, 1995. [4] Extended Stay America acquired the extended-stay hotel chain StudioPLUS on April 11, 1997. [5]
In 2006, the lobbies and suites of TownePlace Suites were redesigned. As of year-end 2018, TownePlace Suites operated 433 hotels in the United States and Canada with 43,953 rooms in addition to 223 hotels with 22,467 rooms in the pipeline. [1]
In July 2010, an investment consortium made up of Blackstone, Paulson & Co., and Centerbridge Partners bought Extended Stay America through a bankruptcy auction for US$3.93 billion. [10] After its successful reorganization, Extended Stay America emerged from bankruptcy in October 2010. A year after the bankruptcy, Blackstone was sued by ...
In late-1992, not long after Jane’s Addiction broke up, Jane’s bassist Eric Avery and guitarist Dave Navarro formed the one-off musical project Deconstruction. In 1994, they released their ...
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related to: extended stay hotels lakewood co menu printable