-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BBQDSx8fUdliMo5zLpCE8YyMLkJ7tiH4IeYrXGdlLOkjEvVDo400gYBkR7dpHuMJ iOTB2ZuqwxCkGlYyQQJuPg== 0000947871-04-001336.txt : 20040511 0000947871-04-001336.hdr.sgml : 20040511 20040511130002 ACCESSION NUMBER: 0000947871-04-001336 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040511 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EXTENDED STAY AMERICA INC CENTRAL INDEX KEY: 0001002579 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 363996573 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13125 FILM NUMBER: 04795629 BUSINESS ADDRESS: STREET 1: 100 DUNBAR ST CITY: SPARTANBURG STATE: SC ZIP: 29306 BUSINESS PHONE: 8645731600 8-K 1 f8k_051104.txt CURRENT REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 May 11, 2004 --------------------------------------------------------------------- Date of Report (Date of earliest event reported) EXTENDED STAY AMERICA, INC. --------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 001-13125 36-3996573 - ------------------------------- ------------------------ ---------------------- (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification Number) 100 Dunbar Street Spartanburg, SC 29306 --------------------------------------------------------------------- (Address of principal executive offices) (zip code) (864) 573-1600 --------------------------------------------------------------------- (Registrant's telephone number, including area code) Item 5. Other Events. On May 11, 2004, The Blackstone Group issued a press release announcing that Extended Stay America, Inc. (the "Company") had completed its merger with an affiliate of The Blackstone Group. Under the terms of the merger agreement, stockholders of the Company will receive $19.625 per share in cash, without interest. A copy of the press release issued by The Blackstone Group on May 11, 2004, announcing the completion of the merger is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Item 7. Financial Statements and Exhibits. (c) Exhibits. Exhibit Number Description of Exhibit 99.1 Press release, dated May 11, 2004, of The Blackstone Group, announcing the completion of the merger SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EXTENDED STAY AMERICA, INC. Date: May 11, 2004 By: /s/James A. Ovenden ------------------------------------ Name: James A. Ovenden Title: Chief Financial Officer EXHIBIT INDEX Exhibit Number Description of Exhibit 99.1 Press release, dated May 11, 2004, of The Blackstone Group, announcing the completion of the merger EX-99.1 2 ex99-1_051104.txt PRESS RELEASE DATED MAY 11, 2004 [THE BLACKSTONE GROUP(R) LOGO] [GRAPHIC OMITTED] THE BLACKSTONE GROUP COMPLETES ACQUISITION OF EXTENDED STAY AMERICA, INC. Spartanburg, SC - May 11, 2004 - Extended Stay America, Inc. announced today that it has completed its merger with an affiliate of The Blackstone Group. Under the terms of the merger agreement, ESA stockholders will receive $19.625 per share in cash, without interest. As of 8:00 A.M. Eastern Daylight Time (EDT) on Tuesday, May 11, 2004, approximately $169,100,000 in the aggregate principal amount of the ESA 9.15% Senior Subordinated Notes due 2008 (the "2008 Notes"), constituting approximately 85% of the 2008 Notes, and approximately $291,851,000 in the aggregate principal amount of the ESA 9 7/8% Senior Subordinated Notes due 2011 (the "2011 Notes" and together with the 2008 Notes, the "Notes"), constituting approximately 97% of the 2011 Notes, had been tendered and not withdrawn in connection with the previously announced cash tender offers for the Notes. All Notes validly tendered and not withdrawn in the offers have been accepted for payment. In addition, ESA announced that it has successfully completed the related consent solicitations for the Notes. The offer to acquire all of the outstanding Notes expired, as scheduled, on Tuesday, May 11, 2004 at 8:00 A.M. EDT. About Extended Stay America Extended Stay America develops, owns and operates three brands of "extended stay" lodging hotels, designed for business and personal travelers in need of affordable, high quality accommodations for a week or more. The Company's brands include: Crossland Economy Studios, Extended StayAmerica Efficiency Studios and StudioPLUS Deluxe Studios. The Company owns and operates 475 hotels in 42 states, including 95 StudioPLUS Deluxe Studios, 341 Extended StayAmerica Efficiency Studios and 39 Crossland Economy Studios hotels, making the Company the leading provider of value-priced extended stay lodging. www.extstay.com About The Blackstone Group The Blackstone Group, a private investment and advisory firm with offices in New York, London and Hamburg, was founded in 1985. The firm has raised a total of approximately $32 billion for alternative asset investing since its formation. The Blackstone Group's six core businesses are Private Equity Investing, Private Real Estate Investing, Corporate Debt Investing, Marketable Alternative Asset Management, Corporate Advisory, and Restructuring and Reorganization Advisory. www.blackstone.com Contact: John Ford VP Corporate Communications The Blackstone Group Tel: 212 583-5559 ford@blackstone.com ------------------------------- The Blackstone Group(R) L.P. 345 Park Avenue New York, NY 10154 212 583-5000 -----END PRIVACY-ENHANCED MESSAGE-----