-----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, D0QIO3Lg3O0nua//gYQeXF4J6gSBXNkXhpYa+15771kait7WchN/hL5SyO9gJXA9 94eBSboVy39vdKp6uoxgcA== 0000950131-98-001344.txt : 19980226 0000950131-98-001344.hdr.sgml : 19980226 ACCESSION NUMBER: 0000950131-98-001344 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980220 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980225 SROS: NYSE 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: SEC FILE NUMBER: 001-13125 FILM NUMBER: 98548925 BUSINESS ADDRESS: STREET 1: 450 E LAS OLAS BLVD STREET 2: STE 1100 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 BUSINESS PHONE: 9547131600 MAIL ADDRESS: STREET 1: 450 E LAS OLAS BLVD STREET 2: STE 1100 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 8-K 1 FORM 8-K ================================================================================ 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 20, 1998 ____________________ 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 20, 1998, Extended Stay America, Inc. (the "Company") announced its intent to commence an offering of $200 million of Senior Subordinated Notes (the "Notes"). The Notes to be offered in this transaction will not be 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. Accordingly, the Notes are being offered and sold only (i) to "Qualified Institutional Buyers" (as defined in Rule 144A of the Act), (ii) to other institutional "Accredited Investors" (as defined in Rule 501(a)(1), (2), (3), or (7) under the Act), and (iii) outside the United States in compliance with Regulation S under the Act. The Company issued a news release announcing the offering of the Notes. 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 25, 1998 EXTENDED STAY AMERICA, INC. --------------------------- Exhibit Index ------------- Exhibit Number Description of Exhibit ------ ---------------------- 99.1 News release dated as of February 20, 1998 by Extended Stay America, Inc. EX-99.1 2 NEWS RELEASE EXHIBIT 99.1 PRESS RELEASE For Immediate Release For More Information Contact: Robert A. Brannon, Sr. V.P. and CFO (954) 713-1603 EXTENDED STAY AMERICA, INC. PROPOSES UNREGISTERED SENIOR SUBORDINATED NOTES OFFERING FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Feb. 20, 1998--Extended Stay America, Inc. (NYSE: ESA), today announced that it intends to commence an offering of $200 million of Senior Subordinated Notes. The net proceeds from the offering will be used to repay revolving debt, construct additional extended stay facilities, and for general corporate purposes. The Notes to be offered have not been and will not be registered under the Securities Act of 1933, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Extended Stay America's three extended stay lodging brands often operate concurrently in the same market. All properties are designed to appeal to value conscious guests on visits of a week or longer. Crossland Economy Studios, with rates generally ranging from $159 to $199 per week, offer a double bed and kitchenette. EXTENDED STAY AMERICA Efficiency Studios, with rates generally ranging from $199 to $299 a week, offer a queen-size bed and kitchenette. StudioPLUS Deluxe Studios offer deluxe and queen studios, which include kitchens, at rates generally ranging from $299 to $399 a week. Weekly housekeeping and an on-premise guest laundry are provided at all properties. The Company's first EXTENDED STAY AMERICA Efficiency Studios property opened in August, 1995, in Spartanburg, SC. In January, 1997, the Company launched the first Crossland Economy Studios in Independence, MO, and on April 11, 1997, the Company consummated a merger with StudioPLUS Hotels, Inc. The Company now owns and operates 212 extended stay lodging properties in 37 states. # # # # -----END PRIVACY-ENHANCED MESSAGE-----