Extended Stay America and Three Wall Capital Complete Sale of 25 ESA Hotels to Three Wall Capital Affiliate

Extended Stay America | February 27, 2018

CHARLOTTE, N.C. – February 27, 2018 — Extended Stay America, Inc. and ESH Hospitality, Inc. (NYSE:STAY) (together, the "Company") and Three Wall Capital, LLC today announced the completed sale of 25 Extended Stay America hotels ("ESA hotels") by the Company to an affiliate of Three Wall Capital, LLC. Extended Stay America, Inc. will continue to manage the 25 ESA hotels over a 20 year contract. The 25 hotels represent over 2,400 rooms and are located in Ohio, Kentucky, Indiana and Texas. In conjunction with this transaction, Three Wall Capital, LLC has signed an agreement to build 15 additional ESA hotels over a seven year pe...