EXTENDED STAY AMERICA, INC. (NYSE:STAY) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition.
EXTENDED STAY AMERICA, INC. (NYSE:STAY) Files An 8-K Results of Operations and Financial Condition
On August1, 2017, Extended Stay America, Inc. and ESH Hospitality, Inc. issued an earnings release announcing their results of operations for the three and six months ended June30, 2017. A copy of the earnings release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02.
The information contained under Item 2.02 of this Current Report on Form 8-K (including Exhibit 99.1) is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
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Item 2.02. Regulation FD Disclosure. |
On August1, 2017, Extended Stay America, Inc. and ESH Hospitality, Inc. held a conference call announcing their results of operations for the three and six months ended June30, 2017. A copy of management’s presentation materials is furnished as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02.
The information contained under Item 2.02 of this Current Report on Form 8-K (including Exhibit 99.2) is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
On August1, 2017, Extended Stay America, Inc. and ESH Hospitality, Inc. issued a press release announcing that the Board of Directors of ESH Hospitality, Inc. declared a cash distribution of $0.14 per share for the second quarter of 2017, payable to ESH Hospitality, Inc.’s Class A and Class B common shareholders. Also, the Board of Directors of Extended Stay America, Inc. declared a cash distribution of $0.07 per share for the second quarter of 2017, payable to Extended Stay America, Inc.’s common shareholders. These distributions will be payable on August29, 2017 to shareholders of record as of August15, 2017. A copy of the press release is attached as Exhibit 99.3 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02.
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Item 2.02. |
Financial Statements and Exhibits. |
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ExhibitNumber |
Exhibit Description |
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99.1 |
Earnings release of Extended Stay America, Inc. and ESH Hospitality, Inc., dated August 1, 2017, announcing results for the three and six months ended June 30, 2017. |
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99.2 |
Management’s presentation materials, dated August 1, 2017. |
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99.3 |
Press release of Extended Stay America, Inc. and ESH Hospitality, Inc., dated August 1, 2017, announcing distributions for second quarter of 2017. |
ESH Hospitality, Inc. ExhibitEX-99.1 2 exhibit991-earningsrelease.htm EXHIBIT 99.1 Exhibit EXTENDED STAY AMERICA REPORTS SECOND QUARTER 2017 RESULTS -Net Income of $49.7 million-Adjusted EBITDA1 grows 5.0% to $172.8 million-Hotel Operating Margin expands by 90 basis points to 56.7%CHARLOTTE,…To view the full exhibit click here