Extended Stay America, Inc. announced its subsidiary, ESH Hospitality, Inc. (“ESH REIT”), is seeking to raise new senior secured credit facilities (the “ESH REIT Credit Facilities”), including a new $350 million revolving credit facility to replace its existing $250 million revolving credit facility and a new $1.3 billion term loan (the “Term Loan”). In addition, the Company intends to enter into a new $50 million revolving credit facility to replace its existing $50 million revolving credit facility (together with the ESH REIT Credit Facilities, the “New Credit Facilities”).

ESH REIT expects to use the proceeds from the Term Loan, together with cash and borrowings under the new ESH REIT revolving credit facility, to repay in full its existing approximately $1.5 billlion mortgage loan and to pay related fees and expenses.

Deutsche Bank Securities Inc., JPMorgan Chase Bank, N.A., Citigroup Global Markets Inc., Goldman Sachs Bank USA, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, Barclays Bank PLC, Credit Suisse Securities (USA) LLC, and Macquarie Capital (USA) Inc. are acting as joint lead arrangers for the ESH REIT Credit Facilities. Deutsche Bank Securities Inc., JPMorgan Chase Bank, N.A., Citigroup Global Markets Inc., Goldman Sachs Banks USA, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, Barclays Bank PLC, and Macquarie Capital (USA) Inc. are acting as joint lead arrangers for the Company’s new revolving credit facility.

Extended Stay America, Inc., the largest owner/operator of company-branded hotels in North America, owns and operates 629 hotels in the U.S. and Canada comprising approximately 69,400 rooms and employs over 8,500 employees at its hotel properties and headquarters. The Company’s core brand, Extended Stay America®, serves the mid-priced extended stay segment.