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Extended Stay America, Inc. (STAY)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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20.460.00 (0.00%)
At close: 4:00PM EDT
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  • Bloomberg

    Blackstone, Starwood Kick Off Massive CMBS Sale for Hotel Deal

    (Bloomberg) -- A joint venture between Blackstone Group Inc. and Starwood Capital Group is financing its acquisition of Extended Stay America Inc. via a massive commercial mortgage-backed securities offering this week, one of the largest single-loan CMBS deals in a decade.The $4.65 billion so-called single-asset, single-borrower (SASB) CMBS securitizes a loan originated by JPMorgan, Citigroup, and Deutsche Bank to fund most of Blackstone and Starwood’s roughly $6 billion acquisition of Extended

  • Extended Stay America Acquired by Blackstone and Starwood Capital Group for $6B

    Extended Stay America Acquired by Blackstone and Starwood Capital Group for $6B

    Extended Stay America (STAY), along with its paired-share REIT, ESH Hospitality, Inc., has been acquired by funds managed by Blackstone Real Estate Partners (Blackstone) and Starwood Capital Group for $20.50 per paired share in a cash transaction worth $6 billion. Requisite under the terms of the deal, STAY declared a special cash dividend of $1.75 per share paid immediately before the effective time of the merger to shareholders of record on June 15. (See STAY stock chart on TipRanks) Sharehold

  • TipRanks

    Thursday’s Pre-Market: Here’s What You Need to Know Before the Market Opens

    U.S. stock futures dipped on Thursday as investors await data related to the pace of recovery in the labor market. The weekly unemployment claims report and the Philadelphia Fed business outlook report for June will be released today. S&P, Dow, and Nasdaq futures were in red at the time of writing, with 0.3%, 0.2%, and 0.4% lower trading, respectively. Commercial Metals Company (CMC), Jabil Circuit (JBL), and Kroger Company (KR) are expected to report earnings before the market opens, while Dyna