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Quarterly Results (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Results (Unaudited)
QUARTERLY RESULTS (Unaudited)
Quarterly financial data for the years ended December 31, 2016 and 2015 is as follows (in thousands, except per share data):
 
Three Months Ended
March 31,
 
Three Months Ended
June 30,
 
Three Months Ended
September 30,
 
Three Months Ended
December 31,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015 (1)
Total revenues
$
287,558

 
$
287,591

 
$
332,789

 
$
340,311

 
$
354,521

 
$
360,516

 
$
295,725

 
$
296,335

Income from operations
63,756

 
69,916

 
104,712

 
117,285

 
121,340

 
115,818

 
70,856

 
197,053

Net income
14,753

 
27,860

 
61,386

 
64,805

 
57,065

 
58,225

 
30,148

 
132,132

Net income (loss) attributable to noncontrolling interests
2,293

 
(6,312
)
 
(657
)
 
(6,822
)
 
(10,509
)
 
(20,569
)
 
(84,547
)
 
(136,279
)
Net income (loss) attributable to common shareholders
17,046

 
21,548

 
60,729

 
57,983

 
46,556

 
37,656

 
(54,399
)
 
(4,147
)
Net income (loss) per common share—basic(2)
$
0.08

 
$
0.11

 
$
0.30

 
$
0.28

 
$
0.23

 
$
0.18

 
$
(0.28
)
 
$
(0.02
)
Net income (loss) per common share—diluted(2)
$
0.08

 
$
0.11

 
$
0.30

 
$
0.28

 
$
0.23

 
$
0.18

 
$
(0.28
)
 
$
(0.02
)
_________________________
(1)
Includes gain on sale of hotel properties of approximately $130.9 million, which relates to the sale of 53 hotel properties and certain intellectual property in December 2015 as discussed in Note 4.
(2)
The sum of the four quarters may differ from the annual amount due to rounding.
ESH REIT [Member]  
Quarterly Results (Unaudited)
QUARTERLY RESULTS (Unaudited)
Quarterly financial data for the years ended December 31, 2016 and 2015 is as follows (in thousands, except per share data):
 
Three Months
Ended
March 31,
 
Three Months
Ended
June 30,
 
Three Months
Ended
September 30,
 
Three Months
Ended
December 31,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015 (1)
Rental revenues from Extended Stay America, Inc.
$
116,242

 
$
123,191

 
$
116,492

 
$
123,600

 
$
153,139

 
$
156,841

 
$
308,402

 
$
316,003

Income from operations
36,797

 
46,533

 
36,336

 
49,258

 
72,760

 
81,797

 
228,563

 
346,621

Net (loss) income
(5,130
)
 
14,046

 
1,471

 
15,188

 
23,652

 
45,770

 
192,214

 
303,181

Net (loss) income per common share - Class A - basic(2)
$
(0.01
)
 
$
0.03

 
$
0.00

 
$
0.03

 
$
0.05

 
$
0.10

 
$
0.43

 
$
0.67

Net (loss) income per common share - Class A - diluted(2)
$
(0.01
)
 
$
0.03

 
$
0.00

 
$
0.03

 
$
0.05

 
$
0.10

 
$
0.43

 
$
0.67

Net (loss) income per common share - Class B - basic(2)
$
(0.01
)
 
$
0.03

 
$
0.00

 
$
0.03

 
$
0.05

 
$
0.10

 
$
0.43

 
$
0.67

Net (loss) income per common share - Class B - diluted(2)
$
(0.01
)
 
$
0.03

 
$
0.00

 
$
0.03

 
$
0.05

 
$
0.10

 
$
0.43

 
$
0.67

_______________________
(1)
Includes gain on sale of hotel properties of approximately $116.6 million, which relates to the sale of 53 hotel properties in December 2015 as discussed in Note 4.
(2)
The sum of the four quarters may differ from the annual amount due to rounding.