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Equity-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2017
Entity Information [Line Items]  
Schedule of Unrecognized Compensation Cost
Total unrecognized compensation expense will be adjusted for actual forfeitures.
 
Unrecognized Compensation Expense Related to Outstanding RSAs/RSUs (in thousands)
Remaining Weighted-Average Amortization Period (in years)
RSAs/RSUs with service vesting conditions
$
10,533

2.0
RSUs with performance vesting conditions
2,903

0.8
RSUs with market vesting conditions
6,047

1.9
Total unrecognized compensation expense
$
19,483

 
Summary of Restricted Stock Award and Restricted Stock Unit Activity
RSA/RSU activity during the three months ended March 31, 2017, was as follows:
 
 
 
 
 
Performance-Based Awards
 
Service-Based Awards
 
Performance Vesting
 
Market Vesting
 
Number of
RSAs/RSUs
(in thousands)
 
Weighted-
Average Grant-
Date Fair
Value
 
Number of
RSUs
(in thousands)
 
Weighted-
Average Grant-
Date Fair
Value
 
Number of
RSUs
(in thousands)
 
Weighted-
Average Grant-
Date Fair
Value(1)
Outstanding at January 1, 2017
892

 
$
16.93

 
119

 
$
14.07

 
972

 
$
9.01

Granted
196

 
$
17.45

 
190

 
$
17.45

 
99

 
$
14.19

Settled
(368
)
 
$
17.78

 
(118
)
 
$
14.07

 
—

 
$
—

Forfeited
(1
)
 
$
25.21

 
—

 
$
—

 
—

 
$
—

Outstanding at March 31, 2017
719

 
$
16.64

 
191

 
$
17.45

 
1,071

 
$
9.49

Vested at March 31, 2017
—

 
$
—

 
—

 
$
—

 
—

 
$
—

Nonvested at March 31, 2017
719

 
$
16.64

 
191

 
$
17.45

 
1,071

 
$
9.49

_________________________________
(1)
An independent third-party valuation was performed contemporaneously with the issuance of grants.
Summary of Key Assumptions Used for Fair Value Computation
During the three months ended March 31, 2017, the grant-date fair value of awards with market vesting conditions was calculated using a Monte Carlo simulation model with the following key assumptions:
Expected holding period
2.86 years

Risk-free rate of return
1.46
%
Expected dividend yield
4.72
%
ESH REIT  
Entity Information [Line Items]  
Summary of Restricted Stock Award and Restricted Stock Unit Activity
RSA/RSU activity during the three months ended March 31, 2017, was as follows:
 
Number of
RSAs/RSUs
(in thousands)
 
Weighted-
Average
Grant-Date
Fair Value
Outstanding at January 1, 2017
28

 
$
14.57

Granted
—

 
$
—

Settled
(7
)
 
$
10.32

Forfeited
—

 
$
—

Outstanding at March 31, 2017
21

 
$
16.00

Vested at March 31, 2017
—

 
$
—

Nonvested at March 31, 2017
21

 
$
16.00