On June 17, 2021, Extended Stay America Inc and ESH Hospitality Inc announced that Institutional Shareholder Services Inc had reversed its prior voting recommendation. It recommended Extended Stay shareholders vote for the now amended and higher $20.50 per paired share acquisition agreement with a 50/50 joint venture between funds managed by Blackstone Real Estate Partners and Starwood Capital Group at the Company’s special meetings of shareholders, which is scheduled to be adjourned to June 11, 2021. Doug Geoga announced that the ISS recommendation is consistent with its firm belief that this transaction is the right outcome for shareholders and provides superior value to our continued operation as a public company.