AMERICAS EXTENDED STAY FULL
As the only company in the lodging industry solely focused on the unique needs of the extended stay guest, we are solidly positioned to unlock the full potential of the company within this attractive segment. Haase said, “I am excited to partner with our management team and 8,000 associates.
AMERICAS EXTENDED STAY FREE
We believe that a focus on property-level improvement, franchise acceleration and asset management, together with the company’s industry-leading margins and free cash flow generation, will lead to enhanced strategic and structural alternatives in the future to drive superior returns for all shareholders.” While the boards remain open to considering opportunities to enhance shareholder value, we are confident in the new management team’s ability to unlock the full potential of the Extended Stay America brand, assets and business capabilities. Through this process, which was only recently discontinued, the boards determined that none of the terms upon which alternatives were available would provide an acceptable outcome, or superior value compared to improved execution of the company’s business strategy. Geoga continued, “Over the past several years the Extended Stay Boards, together with our outside advisors, have carefully considered a wide range of transactional strategic alternatives to drive shareholder value. With Bruce’s knowledge of the Company and his experience working with two proven industry operators in Kelly and Randy, along with the rest of Extended Stay’s leadership, I am confident that this team will hit the ground running.” The company is well positioned to capitalize on its unique business model by leveraging the team’s deep experience in all facets of extended stay hotel operations, branding, marketing, revenue generation and franchising. With 35 years of property operations experience, Fox has experience in managing and improving property performance of extended-stay lodging assets nationwide.ĭouglas Geoga, chairman of the company’s boards, said, “We are pleased to welcome Bruce, Kelly and Randy to the leadership team of Extended Stay America (ESH). Poling has a track record of success in the extended stay hotel segment, having led all central revenue generating functions at WoodSpring Suites. In addition the appointment of Hasse, the company filled two previously vacant key leadership positions-Kelly Poling as EVP, chief commercial officer, and Randy Fox as EVP, property operations.
AMERICAS EXTENDED STAY SERIES
Previously, Haase served in a series of executive positions with Choice Hotels International from 2000 through 2012, most recently as EVP, global brands, marketing & operations.
From 2014 to 2016, he served as CEO of WoodSpring Hotels LLC. He has more than 20 years of lodging experience with particular expertise in the extended-stay hotel segment. Haase has served as a director of ESH Hospitality since 2018.
Results revealed a net income of $53.2 million, compared to $75.7 million in the same period in 2018, a decrease of 29.7%. showed a decline in income and RevPAR, with pipeline growth.
In the third quarter, consolidated results for Extended Stay America and ESH Hospitality Inc. He succeeds Jonathan Halkyard, who will continue to advise the company through February 25, 2020. and will continue to serve as a director of ESH Hospitality Inc.
Haase has been elected to serve as a director of Extended Stay America Inc. and its paired-share REIT, ESH Hospitality Inc., has appointed Bruce Haase as president/CEO, effective immediately.
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