Extended Stay America Inc. is an integrated owner/operator of company-branded hotels in North America. The Company operates through two segments: Owned hotels and Franchise and management. Owned hotels segment includes operation of Company-owned hotel properties and include room and other hotel revenues. Franchise and management segment include earnings that are derived from fees under various franchise and management agreements with third parties. The Company owns and operates approximately 558 hotel properties across 40 states in United States, consisting of approximately 62,100 rooms. It franchises or manages approximately 74 hotel properties for third parties, consisting of approximately 7,600 rooms. Its approximately 632 system-wide hotels are operated under the Extended Stay America brand.
During the most recent quarter, 83K shares were bought, and 9K shares were sold in insider trading.
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