Extended Stay America Expands Footprint in Oklahoma

Rhea-AI Summary

Extended Stay America (NASDAQ:STAY) has added three new properties in Oklahoma through franchise conversions, owned by Provident Realty Advisors and managed by Aimbridge Hospitality. The new locations include Bartlesville, McAlester, and Lawton, enhancing ESA's footprint in the state. Each hotel features amenities such as complimentary Wi-Fi, fully equipped kitchens, and on-site fitness options. With 649 hotels nationwide, Extended Stay America continues to lead the mid-priced extended stay segment and focuses on growing its franchise operations.

Positive

• Expansion of brand presence in Oklahoma with three new properties.
• Partnership with Provident Realty and Aimbridge Hospitality for management.
• All properties equipped with modern amenities catering to customer needs.

Negative

• None.

CHARLOTTE, N.C., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the addition of three properties in Oklahoma through franchise conversions. The properties are all owned by Dallas-based Provident Realty Advisors, Inc. and will be operated by Plano, Texas-based Aimbridge Hospitality, the leading, global, third-party hotel management company.

The properties include:

• Extended Stay America Bartlesville – Hwy 75, Bartlesville, Oklahoma
• Extended Stay America McAlester – Hwy 69, McAlester, Oklahoma
• Extended Stay America Lawton – Fort Sill, Lawton, Oklahoma

"We are extremely excited to be adding these properties into the ESA brand as we expand our presence into the Oklahoma market," said Judi Bikulege, Chief Investment Officer, Extended Stay America. "These new ESA locations continue our strategy of growing the ESA portfolio through franchising, and we are pleased to continue working with our franchise owner, Provident and their management company, Aimbridge."

All three properties 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, on-site guest laundry, as well as free Wi-Fi, and grab and go breakfast.

About Extended Stay America
Extended Stay America® is the leading brand in the mid-priced extended stay segment in the U.S. with 649 hotels. ESH Hospitality, Inc. (“ESH”), a subsidiary of Extended Stay America, Inc. (“ESA”), is the largest lodging REIT in North America by unit and room count, with 563 hotels and over 62,700 rooms in the U.S. ESA also franchises an additional 86 Extended Stay America® hotels. For franchise inquiries, visit www.newesa.com for more information.

Contacts

Investors & Media:
Rob Ballew
(980) 345-1546
ir@esa.com

FAQ

What new properties did Extended Stay America add in Oklahoma?

Extended Stay America added three new properties in Oklahoma: Bartlesville, McAlester, and Lawton.

Who owns the new Extended Stay America properties in Oklahoma?

The new properties are owned by Provident Realty Advisors.

Who will manage the new Extended Stay America locations?

The new locations will be managed by Aimbridge Hospitality.

What amenities will the new Extended Stay America properties offer?

The new locations will offer complimentary Wi-Fi, fully equipped kitchens, and on-site fitness and laundry facilities.

How many hotels does Extended Stay America currently operate?

Extended Stay America currently operates 649 hotels across the U.S.