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Extended Stay Selling Crossland Hotel Brand to Westmont for $285 Million

Sale of 53 Hotel Properties to Close by Year End; ESA to Operate Under Single Brand
CoStar News
September 23, 2015 | 10:00 AM

Charlotte, NC-based Extended Stay America, Inc. struck a deal to sell its remaining 47 Crossland Economy Studios extended-stay properties and six Extended Stay America hotels to Westmont Hospitality Group for $285 million. The transaction is expected to close by year end.

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