-----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, LlwRwMoZWDu78lP3jD/hRw8ttGy/ojJG8ysBj77n00oRNJ7MwjBvKdkO0SbJbyCE HqKuRqpjApebZDW4piZCRw== 0000950131-97-000664.txt : 19970211 0000950131-97-000664.hdr.sgml : 19970211 ACCESSION NUMBER: 0000950131-97-000664 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970205 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970207 SROS: NASD 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: 000-27360 FILM NUMBER: 97520875 BUSINESS ADDRESS: STREET 1: 500 E BROWARD BLVD STREET 2: STE 950 CITY: FORT LAUDERDALE STATE: FL ZIP: 33394 BUSINESS PHONE: 9547131600 MAIL ADDRESS: STREET 1: 500 E BROWARD BLVD STREET 2: STE 950 CITY: FORT LAUDERDALE STATE: FL ZIP: 33394 8-K 1 FORM 8-K DATED 02/05/97 ================================================================================ 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 Date of Report (Date of earliest event reported): February 5, 1997 ------------------- EXTENDED STAY AMERICA, INC. (Exact name of registrant as specified in its charter) Delaware 0-27360 36-3996573 (State or other jurisdiction of (Commission File (IRS Employer incorporation or organization) Number) Identification No.) 450 E. Las Olas Boulevard Ft. Lauderdale, Florida 33301 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (954) 713-1600 ------------------- ================================================================================ Item 5. Other Events. On February 5, 1997, Extended Stay America, Inc. (the "Company") accepted subscriptions from certain institutional investors in connection with a private placement transaction for the sale of 11,500,000 shares of its common stock, par value $.01 per share, at a purchase price of $17.625 per share, for an aggregate amount of $202,687,500. The securities offered in this transaction were not registered under the Securities Act of 1933, as amended (the "Act"), and may not be offered or sold in the United States absent registration under the Act or an applicable exemption therefrom. The Company issued a news release announcing the private placement transaction. A copy of the news release is filed herewith as Exhibit 99.1 and is incorporated herein by this reference. Item 7. Financial Statements and Exhibits. (c) Exhibits. -------- The exhibits to this report are listed in the Exhibit Index set forth elsewhere herein. 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. By: /s/ Robert A. Brannon -------------------------------- Robert A. Brannon Senior Vice President, Chief Financial Officer, Secretary and Treasurer Dated: February 7, 1997 EXTENDED STAY AMERICA, INC. --------------------------- Exhibit Index -------------
Exhibit Number Description of Exhibit - ------ ---------------------- 99.1 News release dated as of February 5, 1997 by Extended Stay America, Inc.
EX-99.1 2 PRESS RELEASE DATED 02/05/97 EXHIBIT 99.1 [LOGO OF EXTENDED STAY AMERICA] (BW) (EXTENDED-STAY-AMERICA) (STAY) Extended Stay America, Inc. raises $200 million in private placement of common stock FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Feb. 5, 1997--Extended Stay America, Inc. (Nasdaq:STAY) announced today that it has accepted subscriptions from certain institutional investors in connection with a private placement transaction for the sale of 11.5 million shares of its common stock, at a purchase price of $17.625 per share, for an aggregate amount of $202.7 million. Proceeds from this sale will be used for general corporate purposes, including but not limited to, financing possible acquisitions and the construction of extended stay lodging facilities. The securities offered in this transaction were not registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration under the Act or an applicable exemption therefrom. This release does not constitute an offer to sell or the solicitation of an offer to buy common stock of Extended Stay America, Inc. Extended Stay America, Inc. develops, owns and operates extended stay lodging facilities on a national basis. As of January 31, 1997, the Company operates 51 facilities in 20 states. There are also 45 facilities under construction in 25 states and options to purchase 102 sites for development in 28 states. The Company also has a pending merger with Studio Plus Hotels, Inc. which as of December 31, 1996 owned and operated 35 extended stay lodging facilities and had 11 additional facilities under construction. - -0- NOTE TO EDITORS: For copies of recent press releases from Extended Stay America via fax, at no charge, call 888/329-4696. For company information, logo and photos via the Internet, visit http://www.businesswire.com/cnn/stay.htm CONTACT: Extended Stay America, Inc. Robert A. Brannon, Sr. Vice President and CFO 954/713-1603 News-On-Demand: 888/329-4696 CNN URL: http://www.businesswire.com/cnn/stay.htm -----END PRIVACY-ENHANCED MESSAGE-----