Three Years After Filing Bankruptcy, Extended Stay America Files for Proposed IPO

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. July 23, 2013

CHARLOTTE, NC - July 23, 2013 - Extended Stay America today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to its proposed initial public offering. The offering will consist of common stock of Extended Stay America, Inc. and Class B common stock of ESH Hospitality, Inc., which will be attached and trade together as a unit.

The number of shares to be offered and the price range for the offering have not been determined. A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

Deutsche Bank Securities, Goldman, Sachs & Co. and J.P. Morgan are serving as joint book-running managers for the offering.

This offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from: Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005, Attention: Prospectus Group, by phone at (800) 503-4611, or by email at [email protected]; Goldman, Sachs & Co., 200 West Street, New York, New York 10282, Attention: Registration Department, or by phone at (866) 471-2526; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by phone at (866) 803-9204

This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Extended Stay America

Based in Charlotte, N.C., Extended Stay has 684 locations in the U.S. and Canada. The company owns and operates hotels under the core brand, Extended Stay America, which serves the mid-price extended stay segment. It is the largest owner/operator of company-branded hotels in North America and employs approximately 10,200 employees in its hotel properties and headquarters.