ESH Hospitality, Inc. -- Moody's states that ESH Hospitality's ratings and outlook are unaffected by senior unsecured note add-on

New York, March 11, 2016 -- Moody's Investors Service, ("Moody's") commented today that the proposed offering of approximately $500 million of senior unsecured notes by ESH Hospitality, Inc. ("ESH") has no impact on the REIT's ratings or outlook. The issuance is an add-on to ESH's existing 5.25% senior unsecured notes due 2025 which are rated B3. Moody's understands that the proceeds of the offering, together with cash on hand, will be used to repay all amounts outstanding under its senior secured term loan and a portion of amounts outstanding under its existing CMBS loans.

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