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Extended Stay America Sells 25 Hotels to Three Wall Capital

Extended Stay America Sells 25 Hotels to Three Wall Capital

CHARLOTTE, N.C.—Extended Stay America, Inc. and ESH Hospitality, Inc. completed the sale of 25 Extended Stay America (ESA) hotels 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. ...

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Wyndham to Sell European Vacation Rental Business

Wyndham to Sell European Vacation Rental Business

PARSIPPANY, N.J.—Wyndham Worldwide Corporation today announced that it has entered into a definitive agreement for the sale of its European vacation rental business to Platinum Equity for approximately $1.3 billion. In conjunction with the sale, the European vacation rental business ...

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Choice Completes WoodSpring Suites Acquisition

Choice Completes WoodSpring Suites Acquisition

ROCKVILLE, Md.—Choice Hotels completed its acquisition of WoodSpring Suites’ brand and franchise business for $231 million. First announced in December 2017, the deal adds nearly 240 extended-stay hotels in 35 states to Choice’s portfolio. Choice says that WoodSpring’s asset-light franchise business ...

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