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 April 26, 2018, Extended Stay America, Inc. and ESH Hospitality, Inc. issued an earnings release announcing their results of operations for the three months ended March 31, 2018. 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 April 27, 2018, Extended Stay America, Inc. and ESH Hospitality, Inc. will hold a conference call announcing their results of operations for the three months ended March 31, 2018. 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 April 26, 2018, 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 $0.16 per share for the first quarter of 2018, 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 $0.06 per share for the first quarter of 2018, payable to Extended Stay America, Inc.’s common shareholders. These distributions will be payable on May 25, 2018 to shareholders of record as of May 11, 2018. 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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Earnings release of Extended Stay America, Inc. and ESH Hospitality, Inc., dated April 26, 2018, announcing results for the three months ended March 31, 2018. |
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Management’s presentation materials, dated April 26, 2018. |
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Press release of Extended Stay America, Inc. and ESH Hospitality, Inc., dated April 26, 2018, announcing distributions for the first quarter of 2018. |
EXHIBIT INDEX
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Exhibit Number |
Exhibit Description |
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Earnings release of Extended Stay America, Inc. and ESH Hospitality, Inc., dated April 26, 2018, announcing results for the three months ended March 31, 2018. |
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Management’s presentation materials, dated April 26, 2018. |
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Press release of Extended Stay America, Inc. and ESH Hospitality, Inc., dated April 26, 2018, announcing distributions for the first quarter of 2018. |
ESH Hospitality, Inc. ExhibitEX-99.1 2 exhibit991-earningsrelease.htm EXHIBIT 99.1 Exhibit EXTENDED STAY AMERICA ANNOUNCES FIRST QUARTER 2018 RESULTS -Net Income of $31.1 million-Adjusted EBITDA1 of $132.2 million-Comparable system-wide RevPAR grows 3.7%-Increases distribution 4.8% to $0.22 per Paired Share -Completes sale of Austin hotel for $44.8 millionCHARLOTTE,…To view the full exhibit click here