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to Spartanburg, SC from Fort Lauderdale, FL - All corporate employees will be invited to make the move to South Carolina |
FORT LAUDERDALE, Fla. - May 18, 2001-- Extended Stay America, Inc.
(NYSE:ESA), a leading provider of extended-stay lodging, today announced
that it will immediately begin relocating its corporate headquarters from
Fort Lauderdale, Florida to Spartanburg, South Carolina. The move is expected
to be completed in phases over the next six months. The Company expects
to occupy temporary office facilities in Spartanburg while it designs and
constructs a new office building in Spartanburg to accommodate its growing
operations.
The Company currently employs over 6,400 persons, including approximately 200 employees in its Fort Lauderdale headquarters. All corporate employees will be invited to make the move to South Carolina. Most employees deciding to make the move will receive relocation assistance. Those who decide to remain in South Florida will be given severance packages based on their positions within the Company. The Company will also provide those employees who decide not to move with career continuation assistance. The Company has not yet determined how many of its headquarters' employees will relocate to the Spartanburg offices. |
Extended Stay America, Inc. Fort Lauderdale Mike Wilson 954/713-1621 http://www.extstay.com |
Also See | Extended Stay America Reports Occupancy of 76% and Average Weekly Room Rates of $307 for the 4th Qtr / Jan 2001 |