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At the time of the merger, Extended Stay America operated 475 hotels; Blackstone increased that number with the addition of 132 from Homestead Studio Suites. [ 9 ] [ 10 ] Homestead, which was founded by Security Capital in 1992, had been acquired by Blackstone in November 2001 for US$740 million.
An apartment hotel or aparthotel (also residential hotel, or extended-stay hotel) is a serviced apartment complex that uses a hotel-style booking system. It is similar to renting an apartment, but with no fixed contracts and occupants can "check out" whenever they wish, subject to the applicable minimum length of stay imposed by the company.
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Extended Stay America, Inc. ( NASDAQ:STAY ), might not be a large cap stock, but it led the NASDAQGS gainers with a...
Investors Blackstone, Centerbridge, and Paulson were able to almost triple their investment when Extended Stay America Inc. went public in 2013. [11] He was CEO of Extended Stay America from 2012 to 2015 [12] Donald's first stint with Albertsons was from 1976 until 1991. [13] During that time he was head of operations in Phoenix, Arizona. [14]
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