Extended Stay America Inc., the mid-price lodging chain owned by Blackstone Group LP, Centerbridge Partners LP and Paulson & Co., filed for a U.S. initial public offering, seeking to take advantage of a rally in hotel shares.
Extended Stay filed to raise as much as $100 million through two classes of stock, according to a regulatory filing Monday. The amount is a placeholder that will probably change. The number of shares and price range haven't been determined, the Charlotte, North Carolina-based company said in a statement.
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