Less than a year later, the company was transformed from an organization that was weeks away from running out of cash into the business that was named America's Most Improved hotel brand. Donald left Extended Stay in December, 2015. Investors Blackstone, Centerbridge, and Paulson were able to almost triple their investment when Extended Stay America Inc. went public in 2013.
This transformation occurred less than a year after the company was on the verge of financial ruin, ultimately evolving into the esteemed America's Most Improved hotel brand. Donald departed as CEO of Extended Stay in December 2015. Investors Blackstone, Centerbridge, and Paulson experienced impressive gains when Extended Stay America Inc. went public in 2013.