Extended Stay America Announces Tax Treatment for 2019 Distributions

CHARLOTTE, N.C., Jan. 15, 2020 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. and ESH Hospitality, Inc. (NASDAQ:STAY) (together, the “Company”), today announced the tax treatment for the aggregate distributions of $0.91 per paired share (CUSIP: 30224P200) paid to Extended Stay America, Inc.’s common shareholders and ESH Hospitality, Inc.’s Class A and Class B common shareholders during the calendar year ended December 31, 2019.

For the tax year ended December 31, 2019, ESH Hospitality, Inc.’s aggregate distributions of $0.55 per Class A and Class B common shares were classified as 100% Ordinary Income and 100% Section 199A Qualified Business Income.  For the tax year ended December 31, 2019, Extended Stay America Inc.’s aggregate distributions of $0.36 per common share were classified as 100% Qualified Dividend.

Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of ESH Hospitality, Inc.’s and Extended Stay America, Inc.’s distributions.

		Dividend			Ordinary Income/				Capital Gain				Qualified
		per Share			Section 199A Income				Income				Dividend			Total
ESH Hospitality, Inc.		$	0.55			100.00	%			0.00	%		0.00		%	100.00	%
Extended Stay America, Inc.		$	0.36			0.00	%			0.00	%		100.00		%	100.00	%
		$	0.91
		ESH			Extended Stay								Ordinary Income/			Qualified
Amount Per Dividend Date		Hospitality, Inc.			America, Inc.				Total				Section 199A Income			Dividend		Total
March 28, 2019		$	0.15		$	0.07			$	0.22			68.18		%	31.82	%	100.00	%
May 30, 2019		$	0.14		$	0.09			$	0.23			60.87		%	39.13	%	100.00	%
September 4, 2019		$	0.15		$	0.08			$	0.23			65.22		%	34.78	%	100.00	%
December 4, 2019		$	0.11		$	0.12			$	0.23			47.83		%	52.17	%	100.00	%
Total		$	0.55		$	0.36			$	0.91