Extended Stay America Announces Credit Rating Upgrades

CHARLOTTE, N.C.–(BUSINESS WIRE)–Extended Stay America, Inc. (NYSE:STAY) (together with its subsidiary, ESH Hospitality, Inc., the “Company”) today announced upgrades on ESH Hospitality, Inc.’s unsecured bond and secured credit facility ratings. Moody’s ratings on ESH Hospitality, Inc.’s Senior Unsecured Notes due 2025 were upgraded to B1 from B2, the Senior Secured Term Loan was upgraded to Ba3 from B1 and the Senior Secured Revolver was also upgraded to Ba3 from B1. The Outlook remains posit