Extended Stay America (NYSE: STAY) is a extended-stay hotel brand owned by Extended Stay Hotels, comprising 632 properties across the United States that are all owned and operated by the company, which is headquartered in Charlotte, North Carolina. The company also owns several related brands, for a total of about 700 hotels and 76,000 rooms.
The first Extended StayAmerica hotels opened in 1995 by a number of founders including management from Blockbuster Video and AutoNation. The company’s headquarters were in Ft. Lauderdale, Florida. In 1996, Extended Stay America acquired StudioPLUS, further continuing its growth. During this time, the company also developed Crossland Economy Studios. The company also added various brands offering different levels of service, like Extended Stay Deluxe and StudioPLUS. In 2001, the company moved to Spartanburg, South Carolina in 2001, and by August 2001, the company was added to S&P 400.