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Extend America
A Bismarck, ND–based wireless communications provider
About Extend America
Extended Stay America operates as a significant player in the mid-priced extended-stay hotel segment across North America. The company was established on January 9, 1995, in Fort Lauderdale, Florida, by Wayne Huizenga and George D. Johnson, Jr. Both founders brought experience from their previous executive roles at Viacom and its subsidiary, Blockbuster LLC, identifying a market need for affordable lodging for stays of a week or longer. The first hotels opened in August 1995, and the company went public with an IPO in December of the same year.
The company's business model focuses on providing travelers with a home-like experience, which is reflected in its suite designs. Each suite is equipped with a full kitchen, including a refrigerator, microwave, and stovetop, alongside free Wi-Fi and on-site laundry facilities. This caters to business and leisure travelers, as well as individuals who are relocating or temporarily displaced. By concentrating on longer-term guests, the company aims for high occupancy rates, which helps to create a more predictable revenue stream and minimize operational expenses associated with frequent guest turnover. Revenue is generated from nightly and weekly room rates, with discounts offered for longer stays to incentivize extended bookings.
Over the years, the company has expanded its portfolio, which includes owned, operated, and franchised properties. In 2021 and 2022, it introduced two new brands, Extended Stay America Premier Suites and Extended Stay America Select Suites, to cater to different value points within the extended-stay market. The company has experienced several ownership changes, including a 2004 acquisition by The Blackstone Group and a period of bankruptcy in 2009, from which it emerged after being purchased by an investment consortium including Blackstone, Paulson & Co., and Centerbridge Partners. In June 2021, the company was taken private after being acquired by a partnership between Blackstone Real Estate and Starwood Capital Group.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2001
- Headquarters
- Bismarck, United States
- Open positions
- None listed
- Dealroom signal
- 14.3/100
- Industry
- Telecom
- Sector
- Telecom
- Links
- Website
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Mar 2004 | $9.5M | $38M | Catalyst Investors · Cascade Investment · Ignition Partners · The Greenspun Corporation | — |
| SERIES A✓Equity / VC | Jan 2003 | $8.9M | $36M | Undisclosed | — |
Growth signals
Latest recorded traffic for Extend America is 0 monthly website visits.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A4 investors entered at this stage
Catalyst Investors
Cascade Investment
Ignition Partners- TCThe Greenspun Corporation
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Extend America on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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