Extended StayAmerica is an American hotel company. It was founded in 1995 in South Carolina as an extended-stay hotel, catering to businesspeople.
The first Extended StayAmerica hotels opened in 1995 by a number of founders including management from Blockbuster Video and AutoNation. In 1996, Extended Stay America acquired StudioPLUS, further continuing its growth. During this time, the company also acquired Crossland Economy Studios. The company also added various brands offering different levels of service, like Extended Stay Deluxe and StudioPLUS. By August 2001, the company was added to S&P 400.
Blackstone took Extended Stay America private in May 2004 to form a new company, Extended Stay Hotels. It paid close to $2 billion in cash as well as over $1 billion in debt. At the time, Extended Stay America had 425 hotels, but Blackstone added about 255 properties from other acquisitions including Homestead Village, which it agreed to buy for $600 million two months after the Sept. 11, 2001.
Extended Stay America Providence-West Warwick is designed specifically for people who need more than just a room while away from home. In addition to the comfortable recliner and large work desk, the oversized studio suites feature a kitchen that allows you to prepare meals at your convenience. As a guest of Extended Stay America, you receive complementary movie channels, free local phone calls, voice-mail, and a two-line phone with a computer dataport. Guests also have access to a 24-hour, coin-oper.
The first Extended StayAmerica hotels opened in 1995 by a number of founders including management from Blockbuster Video and AutoNation. In 1996, Extended Stay America acquired StudioPLUS, further continuing its growth. During this time, the company also acquired Crossland Economy Studios. The company also added various brands offering different levels of service, like Extended Stay Deluxe and StudioPLUS. By August 2001, the company was added to S&P 400.
Blackstone took Extended Stay America private in May 2004 to form a new company, Extended Stay Hotels. It paid close to $2 billion in cash as well as over $1 billion in debt. At the time, Extended Stay America had 425 hotels, but Blackstone added about 255 properties from other acquisitions including Homestead Village, which it agreed to buy for $600 million two months after the Sept. 11, 2001.
Extended Stay America Providence-West Warwick is designed specifically for people who need more than just a room while away from home. In addition to the comfortable recliner and large work desk, the oversized studio suites feature a kitchen that allows you to prepare meals at your convenience. As a guest of Extended Stay America, you receive complementary movie channels, free local phone calls, voice-mail, and a two-line phone with a computer dataport. Guests also have access to a 24-hour, coin-oper.
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