Extended Stay America Announces Resignation of Chief Financial Officer
Chief Executive Officer, Jim Donald said, "Peter has made invaluable contributions to the Company through both the IPO process and now our first year as a public company. He has been instrumental in establishing our solid financial standing and building the financial infrastructure of the Company. We are grateful for Peter's contributions, his ongoing assistance and wish him well in his future endeavors. He leaves us with an experienced financial team in place that will help ensure a seamless transition under Jonathan's leadership."
Mr. Crage noted, "I very much appreciated the opportunity to serve as Chief Financial Officer of Extended Stay during this exciting time. We have been successful in building a very strong Company and many of my personal goals for the Company have now been realized. I look forward to watching the Company continue to grow and thrive with the foundation and management team we have in place."
About Extended Stay America
Extended Stay America, Inc. ("ESA") is the largest integrated hotel owner/operator in North America. Its subsidiary, ESH Hospitality, Inc. ("ESH"), is the largest lodging REIT in North America by unit and room count, with over 620 hotels and 68,000 rooms. ESA manages all of ESH's properties, providing over 8,000 jobs at hotel properties and corporate headquarters. Extended Stay America® is the leading brand in the mid-priced extended stay segment, with approximately twice as many rooms as its nearest competitor. Visit www.esa.com for more information.