SUBSEQUENT EVENTS - REIT

9 Months Ended

Sep. 30, 2019

Subsequent Event [Line Items]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

On November 6, 2019, the Board of Directors of the Corporation declared a cash distribution of $0.12 per share for the third quarter of 2019 on its common stock. The distribution is payable on December 4, 2019 to shareholders of record as of November 20, 2019. Also on November 6, 2019, the Board of Directors of ESH REIT declared a cash distribution of $0.11 per share for the third quarter of 2019 on its Class A and Class B common stock. This distribution is also payable on December 4, 2019 to shareholders of record as of November 20, 2019.

Subsequent to September 30, 2019, the Corporation and ESH REIT repurchased and retired their respective portion of 1.7 million Paired Shares for $15.6 million and $8.9 million, including transaction fees, respectively. As of October 31, 2019, $180.8 million is remaining under the Paired Share repurchase program.

ESH REIT

Subsequent Event [Line Items]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

On November 6, 2019, the Board of Directors of ESH REIT declared a cash distribution of $0.11 per share for the third quarter of 2019 on its Class A and Class B common stock. The distribution is payable on December 4, 2019 to shareholders of record as of November 20, 2019.

Subsequent to September 30, 2019, ESH REIT repurchased and retired 1.7 million ESH REIT Class B common shares for $8.9 million, including transaction fees. As of October 31, 2019, $180.8 million is remaining under the Paired Share repurchase program.