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Subsequent Events
9 Months Ended
Sep. 30, 2017
Entity Information [Line Items]  
Subsequent Events
SUBSEQUENT EVENTS
On November 7, 2017, the Board of Directors of the Corporation declared a cash distribution of $0.11 per share for the third quarter of 2017 on its common stock. The distribution is payable on December 5, 2017 to shareholders of record as of November 21, 2017. Also on November 7, 2017, the Board of Directors of ESH REIT declared a cash distribution of $0.10 per share for the third quarter of 2017 on its Class A and Class B common stock. This distribution is also payable on December 5, 2017 to shareholders of record as of November 21, 2017.
In October and November 2017, ESH REIT executed two purchase and sale agreements to divest twenty-six Extended Stay America-branded hotels for approximately $130.4 million, including approximately $1.9 million in initial franchise application fees, subject to adjustment. The Company expects to manage twenty-five of the hotels. These transactions are expected to close in 2018 upon and subject to the completion of customary due diligence and the satisfaction or waiver of certain closing conditions.
ESH REIT  
Entity Information [Line Items]  
Subsequent Events
SUBSEQUENT EVENTS
On November 7, 2017, the Board of Directors of ESH REIT declared a cash distribution of $0.10 per share for the third quarter of 2017 on its Class A and Class B common stock. The distribution is payable on December 5, 2017 to shareholders of record as of November 21, 2017.
In October and November 2017, ESH REIT executed two purchase and sale agreements to divest twenty-six Extended Stay America-branded hotels for approximately $128.5 million, subject to adjustment. These transactions are expected to close in 2018 upon and subject to the completion of customary due diligence and the satisfaction or waiver of certain closing conditions.