Extended Stay Hotels
|Headquarters||Charlotte, North Carolina, United States|
Extended Stay Hotels and its brands currently own and operate over 680 hotels with approximately 76,000 rooms across the United States and Canada.
According to the company's website as of August 19, 2009, its brands included the following:
- Extended StayAmerica – 363 hotels
- Homestead Studio Suites – 132 hotels
- Extended Stay Deluxe – 109 hotels
- StudioPLUS – 46 hotels
- Crossland – 34 hotels
Extended Stay Hotels, its brands, and its management company, Homestead Village Management (HVM, LLC) were purchased from The Blackstone Group by The Lightstone Group in 2007 for approximately US$8 Billion.
In September 2009, a group of creditors led by Starwood Capital Group began negotiations to buy the entire chain for $3.5 billion. However, in 2010, a group led by Centerbridge Partners won control of the company in a nearly $4 billion buyout transaction as part of a highly contested auction.
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