Extended Stay America, Inc. and ESH Hospitality, Inc. (NASDAQ:STAY) (together, the “Company”) today announced that ESH Hospitality, Inc.’s Board of Directors has declared a special cash distribution of $0.35 per share to holders of ESH Hospitality, Inc.’s Class A and B common stock. This distribution will be payable on January 20, 2021 to shareholders of record as of January 6, 2021. Additionally, the Company re-affirms its fourth quarter and full year 2020 guidance previously issued on November 9, 2020.

Extended Stay America’s President and Chief Executive Officer, Bruce Haase, commented, “We are pleased our strong performance during the pandemic has enabled us to continue to return capital to shareholders, with approximately $138 million returned to paired shareholders in 2020 inclusive of this special distribution announced today. This special “catch-up” distribution represents the remaining expected taxable income at our REIT for 2020.”