Extended Stay America, the largest owner and operator of company-branded hotels in North America, raised $565 million by offering 28.3 million shares at $20, within the range of $18 to $21. Extended Stay America plans to list on the NYSE under the symbol STAY. Deutsche Bank, Goldman Sachs, J.P. Morgan, Citi, BofA Merrill Lynch, Barclays, Morgan Stanley and Macquarie Capital acted as lead managers on the deal.
