Benzinga | Jun 11, 2021 12:25PM EDT

Extended Stay America Shareholders Vote To Approve Transaction With Blackstone And Starwood Capital

Extended Stay America, Inc. ("ESA") and its paired-share REIT, ESH Hospitality, Inc. ("ESH" and, together with ESA, "Extended Stay" or the "Company") (NASDAQ:STAY) today announced that preliminary results show holders of a majority of its shares have voted in favor of the previously announced amended merger agreement under which the company will be acquired by funds managed by Blackstone Real Estate Partners ("Blackstone") and Starwood Capital for $20.50 per paired share in cash.

The results of the vote are preliminary and are subject to certification by the independent inspector of election. Extended Stay intends to disclose the final voting results on a Form 8-K to be filed with the Securities Exchange and Commission as soon as possible following such certification.

The closing is currently scheduled for June 16, 2021.