March 23, 2017 · reit.com
ESH Hospitality, Inc. (NYSE: STAY), the owner of more than 620 hotels in North America, is looking to build its presence in the extended-stay hotel business by taking a “deliberative” approach to growth in the coming years.
ESH is the REIT subsidiary of Extended Stay America (ESA), Inc. ESH and ESA shares trade as a single unit.
The company’s brand, Extended Stay America, serves the mid-priced, extended-stay hotel segment. The average length of stay for one of the company’s customers is around 26 days.