Blackstone and Starwood Capital Increase Offer to Acquire Extended Stay America and Amend Definitive Merger Agreement
June 01, 2021 at 05:30 pm IST
On June 1, 2021, Extended Stay America, Inc. ESH Hospitality, Inc., Blackstone Real Estate Partners and Starwood Capital Group announced that they have signed an amendment to their previously announced definitive merger agreement. The Company also stated that the merger agreement, as amended, has been unanimously approved by the entire boards of directors of both ESA and ESH. The Company also stated that the special meetings to be adjourned to June 11, 2021. The Company urged shareholders to vote for the amended transaction on the Company proxy card.