{"id":385891,"date":"2020-11-20T07:48:07","date_gmt":"2020-11-20T12:48:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385891"},"modified":"2020-11-20T07:48:07","modified_gmt":"2020-11-20T12:48:07","slug":"extended-stay-america-welcomes-seven-new-properties","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/extended-stay-america-welcomes-seven-new-properties\/","title":{"rendered":"Extended Stay America Welcomes Seven New Properties"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">CHARLOTTE, N.C., Nov.  20, 2020  (GLOBE NEWSWIRE) &#8212; Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the addition of seven properties through franchise conversions. The properties are all owned by New York-based Three Wall Capital (TWC) and will be operated by Dallas, Texas-based Aimbridge Hospitality, the nation\u2019s largest management company.<\/p>\n<p align=\"justify\">The properties include:<\/p>\n<ul>\n<li style=\"text-align:justify\">Extended Stay America Virginia Beach, Virginia Beach, Virginia<\/li>\n<li style=\"text-align:justify\">Extended Stay America Newport News \u2013 Yorktown, Newport News, Virginia<\/li>\n<li style=\"text-align:justify\">Extended Stay America Richmond \u2013 Glen Allen \u2013 Short Pump, Glen Allen, Virginia<\/li>\n<li style=\"text-align:justify\">Extended Stay America Chantilly \u2013 Dulles, Chantilly Virginia<\/li>\n<li style=\"text-align:justify\">Extended Stay America Atlanta \u2013 Norcross, Norcross, Georgia<\/li>\n<li style=\"text-align:justify\">Extended Stay America Atlanta \u2013 Northlake, Northlake, Georgia<\/li>\n<li style=\"text-align:justify\">Extended Stay America Chicago \u2013 Elgin &#8211; West Dundee, West Dundee, Illinois.<\/li>\n<\/ul>\n<p align=\"justify\">All of the hotels are well-positioned in their markets and within close proximity to retail, office, hospital, airports, and major highways. They will all feature complimentary Wi-Fi, premium cable, a STAYFIT fitness room, and a STAYCLEAN laundry room. The rooms include fully equipped kitchens with full-size refrigerators, stovetop, cookware, utensils, and dishes, as well as pillowtop beds, recliners, spacious workspace, and television streaming capabilities.<\/p>\n<p align=\"justify\">\u201cWe are extremely excited to be announcing the addition of seven conversions into the ESA brand,\u201d said Judi Bikulege, Chief Investment Officer, Extended Stay America. \u201cThese new ESA locations continue our strategy of growing the ESA portfolio through franchising and the opportunity to do so through conversions of existing hotels as well as new construction. We look forward to continuing to work with Three Wall Capital and Aimbridge, as well as all of our current and prospective owners to continue growing our brand throughout the United States.\u201d<\/p>\n<p align=\"justify\">TWC was the first Extended Stay America franchisee through the acquisition of 25 existing ESA hotels across the Midwest and Texas. \u201cWe viewed this acquisition not only as an opportunity to acquire strategically located assets and grow our extended-stay portfolio, but we were also thrilled to be able to work with ESA and build upon our strong existing relationship,\u201d remarked Alan Kanders, Managing Member and Founder Three Wall Capital. \u201cThe strength of the ESA brand and the support of the ESA and Aimbridge teams helped us complete this transaction in the midst of the COVID-19 pandemic.\u201d<\/p>\n<p align=\"justify\">TWC engaged Aimbridge Hospitality as the third-party manager of the portfolio, who is an experienced operator in the extended-stay space and currently operates 21 extended stay hotels for TWC. \u201cOur extended stay team is excited to manage this exceptional collection of properties, and to continue to grow our partnership with Three Wall Capital and Extended Stay America,\u201d said Mike Deitemeyer, Global President of Aimbridge Hospitality. \u201cOur deep understanding of extended stay properties, along with our vertical specialists who understand the nuance of operating this category, is a tremendous advantage to owners and in driving each property\u2019s market success.\u201d<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>About Extended Stay America<\/u><br \/>\n        <\/strong><br \/>\n        <sup><br \/>\n          <strong><br \/>\n            <u>\u00ae<\/u><br \/>\n          <\/strong><br \/>\n        <\/sup><br \/>\n        <br \/>Extended Stay America, Inc. and its brand Extended Stay America<sup>\u00ae<\/sup> is the leading brand in the mid-priced extended-stay segment in the U.S. with 646 hotels. Extended Stay America\u2019s subsidiary, ESH Hospitality, Inc. (\u201cESH\u201d), is the largest lodging REIT in North America by unit and room count, with 563 hotels and more than 62,000 rooms in the U.S. Extended Stay America also manages or franchises an additional 84 Extended Stay America<sup>\u00ae<\/sup> hotels.<\/p>\n<p align=\"justify\">For franchise inquiries, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MKDjRO5Nd89wAPXKuIKHItVmFSrabpwGpkVge9fELa9IzwfWHjT1pDbto5IW-HHFl04PVLpP7ZROl2m22pVE_w==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.newesa.com<\/a> for more information<br \/>For investor or media inquiries, contact Rob Ballew at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=K9Jwfs-Wz8La4W2tCtLhE7pyUzF9unRPev6hh25xtcynXLyYr7YWtmJdorTOLW6DzB_sUJe3MGnv-Loe_PbEtA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ir@esa.com<\/a> or 980-345-1546<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>About Aimbridge Hospitality<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>Aimbridge Hospitality is the leading, global third-party hotel management company operating branded full service, select service, luxury hotels, destination resorts, convention centers, and lifestyle hotels. Aimbridge merged with Interstate Hotels &amp; Resorts in 2019 and now represents a premium portfolio of over 1,500 branded and independent properties in 49 states and 20 countries, inclusive of pipeline. Aimbridge is based in Plano, Texas and has additional corporate offices in Atlanta, Calgary, Fargo, Puerto Rico, San Clemente, Toronto, and Washington D.C. Aimbridge\u2019s International Division, Interstate Hotels &amp; Resorts, has supporting offices spread across Europe in Amsterdam, Birmingham, Glasgow, and Moscow. <br \/>For more information on Aimbridge Hospitality, please visit and connect with Aimbridge on\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xlavFSHDgYEKypbxVJLkJXXi7iZcXvqgvulY-yWOfM4mHRwWdu5bSwdmy8_39XJdGM6cl0D9eCLZpJLR85erihWqZoeK-hpYf3R_7rMuOrmB1XUA9H7x26MIC1oLGVoMTAO5g3ogY8OJEHKr0YWKEWwiHKpGRA9wc4FU62qPWLD50mIHZt4FP6h-6tOQ4gRFYseR3UvTZ0KtYQWFUIw2mQrr-QOt0PpTCulbT68aoBBU1ZKW5brq9PmBncbQspbROr8zY_qSocofeSHKmkIjmrdsnbKCRNOcOYR_ONqmf-x3pSLXa2PQP7610vIvjvTE9GjMTej66V5sGzD-8szHjVG_hrHxdLESPbtDUbURyi390vsMPNvqPkmxNZnx8arURZUpAB-yWmD4zFLx7vuOpOYEYUqzP5YfaU6Eyi4dmuKN5x577zvN6crYvgrFkxYu\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LinkedIn<\/a>.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>About Three Wall Capital<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>Founded in 2008 by Alan Kanders, Three Wall Capital has completed over $1.0 billion in transactions in a principal investor capacity since inception. TWC invests with the philosophy that hotel real estate is subject to both short and long term cycles, and therefore, opportunistically invests in product type ranging from limited service to luxury hotels. TWC\u2019s current investment strategy is to acquire and develop mid- scale extended stay hotels in markets with strong growth outlooks in terms of population, disposable income, jobs, diversity of high-quality food and beverage experiences, retail offerings, and office space. Three Wall Capital\u2019s portfolio consists of 61 hotels across 12 states.<br \/>For further information and more details on TWC\u2019s portfolio, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=33RXN2ihyFJEe-TOqyUjLxKmMi1IZygLLD1qAKgaGAmp_JEqTJC5YAHHjFTiAwiOact0MPX_5X87rJsxFdlfVYkncsL2GsAoWc_aMYVeut8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.threewallcapital.com<\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTYzMiMzODM2ODY1IzIwMjAzMzU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/b59765f2-911a-4737-a29f-90747757f7e8\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CHARLOTTE, N.C., Nov. 20, 2020 (GLOBE NEWSWIRE) &#8212; Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the addition of seven properties through franchise conversions. The properties are all owned by New York-based Three Wall Capital (TWC) and will be operated by Dallas, Texas-based Aimbridge Hospitality, the nation\u2019s largest management company. The properties include: Extended Stay America Virginia Beach, Virginia Beach, Virginia Extended Stay America Newport News \u2013 Yorktown, Newport News, Virginia Extended Stay America Richmond \u2013 Glen Allen \u2013 Short Pump, Glen Allen, Virginia Extended Stay America Chantilly \u2013 Dulles, Chantilly Virginia Extended Stay America Atlanta \u2013 Norcross, Norcross, Georgia Extended Stay America Atlanta \u2013 Northlake, Northlake, Georgia Extended Stay America Chicago \u2013 Elgin &#8211; &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/extended-stay-america-welcomes-seven-new-properties\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Extended Stay America Welcomes Seven New Properties&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-385891","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Extended Stay America Welcomes Seven New Properties - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/extended-stay-america-welcomes-seven-new-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Extended Stay America Welcomes Seven New Properties - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CHARLOTTE, N.C., Nov. 20, 2020 (GLOBE NEWSWIRE) &#8212; Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the addition of seven properties through franchise conversions. The properties are all owned by New York-based Three Wall Capital (TWC) and will be operated by Dallas, Texas-based Aimbridge Hospitality, the nation\u2019s largest management company. The properties include: Extended Stay America Virginia Beach, Virginia Beach, Virginia Extended Stay America Newport News \u2013 Yorktown, Newport News, Virginia Extended Stay America Richmond \u2013 Glen Allen \u2013 Short Pump, Glen Allen, Virginia Extended Stay America Chantilly \u2013 Dulles, Chantilly Virginia Extended Stay America Atlanta \u2013 Norcross, Norcross, Georgia Extended Stay America Atlanta \u2013 Northlake, Northlake, Georgia Extended Stay America Chicago \u2013 Elgin &#8211; &hellip; Continue reading &quot;Extended Stay America Welcomes Seven New Properties&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/extended-stay-america-welcomes-seven-new-properties\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-20T12:48:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTYzMiMzODM2ODY1IzIwMjAzMzU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/extended-stay-america-welcomes-seven-new-properties\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/extended-stay-america-welcomes-seven-new-properties\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Extended Stay America Welcomes Seven New Properties\",\"datePublished\":\"2020-11-20T12:48:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/extended-stay-america-welcomes-seven-new-properties\\\/\"},\"wordCount\":802,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/extended-stay-america-welcomes-seven-new-properties\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4OTYzMiMzODM2ODY1IzIwMjAzMzU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/extended-stay-america-welcomes-seven-new-properties\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/extended-stay-america-welcomes-seven-new-properties\\\/\",\"name\":\"Extended Stay America Welcomes Seven New Properties - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/extended-stay-america-welcomes-seven-new-properties\/","og_locale":"en_US","og_type":"article","og_title":"Extended Stay America Welcomes Seven New Properties - Market Newsdesk","og_description":"CHARLOTTE, N.C., Nov. 20, 2020 (GLOBE NEWSWIRE) &#8212; Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the addition of seven properties through franchise conversions. The properties are all owned by New York-based Three Wall Capital (TWC) and will be operated by Dallas, Texas-based Aimbridge Hospitality, the nation\u2019s largest management company. The properties include: Extended Stay America Virginia Beach, Virginia Beach, Virginia Extended Stay America Newport News \u2013 Yorktown, Newport News, Virginia Extended Stay America Richmond \u2013 Glen Allen \u2013 Short Pump, Glen Allen, Virginia Extended Stay America Chantilly \u2013 Dulles, Chantilly Virginia Extended Stay America Atlanta \u2013 Norcross, Norcross, Georgia Extended Stay America Atlanta \u2013 Northlake, Northlake, Georgia Extended Stay America Chicago \u2013 Elgin &#8211; &hellip; Continue reading \"Extended Stay America Welcomes Seven New Properties\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/extended-stay-america-welcomes-seven-new-properties\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-20T12:48:07+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTYzMiMzODM2ODY1IzIwMjAzMzU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/extended-stay-america-welcomes-seven-new-properties\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/extended-stay-america-welcomes-seven-new-properties\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Extended Stay America Welcomes Seven New Properties","datePublished":"2020-11-20T12:48:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/extended-stay-america-welcomes-seven-new-properties\/"},"wordCount":802,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/extended-stay-america-welcomes-seven-new-properties\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTYzMiMzODM2ODY1IzIwMjAzMzU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/extended-stay-america-welcomes-seven-new-properties\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/extended-stay-america-welcomes-seven-new-properties\/","name":"Extended Stay America Welcomes Seven New Properties - 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