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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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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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Interstate and White Lodging Close Management Acquisition Deal

Interstate and White Lodging Close Management Acquisition Deal

ARLINGTON, Va.—Interstate Hotels & Resorts has closed a deal—first announced in December 2017—to acquire the management agreements for 82 premium-branded, select- and full-service hotels, plus one restaurant, from White Lodging. The deal is effective January 24, 2018. “A transaction of ...

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