Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Paired Shares^{F1,F2,F3,F11,F12,F13,F14}	Oct 4, 2016	S	913,420	$14.16	D	6,903,095	I	See Footnotes
Paired Shares^{F1,F2,F4,F11,F12,F13,F14}	Oct 4, 2016	S	925,524	$14.16	D	6,994,557	I	See Footnotes
Paired Shares^{F1,F2,F5,F11,F12,F13,F14}	Oct 4, 2016	S	308,679	$14.16	D	2,332,819	I	See Footnotes
Paired Shares^{F1,F2,F6,F11,F12,F13,F14}	Oct 4, 2016	S	6,224	$14.16	D	47,049	I	See Footnotes
Paired Shares^{F1,F2,F7,F11,F12,F13,F14}	Oct 4, 2016	S	587,874	$14.16	D	4,434,684	I	See Footnotes
Paired Shares^{F1,F2,F8,F11,F12,F13,F14}	Oct 4, 2016	S	1,263,748	$14.16	D	9,533,172	I	See Footnotes
Paired Shares^{F1,F2,F9,F11,F12,F13,F14}	Oct 4, 2016	S	962,659	$14.16	D	7,277,312	I	See Footnotes
Paired Shares^{F1,F2,F10,F11,F12,F13,F14}	Oct 4, 2016	S	15,206	$14.16	D	114,708	I	See Footnotes

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1The Paired Shares (as defined below) reported herein were sold in an underwritten public offering or directly to Extended Stay America, Inc. and ESH Hospitality, Inc. (together, the "Issuers"). The $14.16 per Paired Share price represents: (a) the $14.25 public offering price per Paired Share, less the underwriting discount of $0.09 per Paired Share, in the offering, and (b) the $14.16 per Paired Share sales price to the Issuers.
F10These Paired Shares are directly held by Blackstone Real Estate Holdings VI L.P.
F11The general partner of each of Blackstone Real Estate Partners VI.A-ESH L.P., Blackstone Real Estate Partners VI.B-ESH L.P., Blackstone Real Estate Partners VI.C-ESH L.P., Blackstone Real Estate Partners (AIV) VI-ESH L.P., Blackstone Real Estate Partners VI.TE.1-ESH L.P., Blackstone Real Estate Partners VI.TE.2-ESH L.P. and Blackstone Real Estate Partners VI.F-ESH L.P. (together with Blackstone Real Estate Holdings VI L.P., collectively, the "Partnerships") is Blackstone Real Estate Associates VI-ESH L.P. The general partner of Blackstone Real Estate Holdings VI L.P. is BREP VI Side-by-Side GP L.L.C. (Continued in footnote 12)
F12The general partner of Blackstone Real Estate Associates VI-ESH L.P. is BREA VI-ESH L.L.C. The managing member of BREA VI-ESH L.L.C. and sole member of BREP VI Side-by-Side GP L.L.C. is Blackstone Holdings III L.P. The general partner of Blackstone Holdings III L.P. is Blackstone Holdings III GP L.P. The general partner of Blackstone Holdings III GP L.P. is Blackstone Holdings III GP Management L.L.C. The managing member of Blackstone Holdings III GP Management L.L.C. is The Blackstone Group L.P. The general partner of The Blackstone Group L.P. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman. (Continued in footnote 13)
F13Each of such Blackstone entities (other than the Partnerships to the extent of their direct holdings) and Mr. Schwarzman may be deemed to beneficially own the Paired Shares beneficially owned by the Partnerships directly or indirectly controlled by it or him, but each disclaims beneficial ownership of such securities, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.
F14Due to the limitations of the Securities and Exchange Commission's EDGAR system, Blackstone Real Estate Associates VI-ESH L.P., BREP VI Side-by-Side GP L.L.C., BREA VI-ESH L.L.C., Blackstone Holdings III L.P., Blackstone Holdings III GP L.P., Blackstone Holdings III GP Management L.L.C., The Blackstone Group L.P., Blackstone Group Management L.L.C. and Stephen A. Schwarzman have filed a separate Form 4.
F2Each Paired Share is comprised of one share of common stock, par value $0.01 per share, of Extended Stay America, Inc. and one share of Class B Common Stock, par value $0.01 per share, of ESH Hospitality, Inc., which shares are paired and traded as a single unit. A Form 4 reflecting the holdings of Paired Shares by the Reporting Persons shown on this Form 4 has been concurrently filed with respect to Extended Stay America, Inc. as issuer.
F3These Paired Shares are directly held by Blackstone Real Estate Partners VI.A-ESH L.P.
F4These Paired Shares are directly held by Blackstone Real Estate Partners VI.B-ESH L.P.
F5These Paired Shares are directly held by Blackstone Real Estate Partners VI.C-ESH L.P.
F6These Paired Shares are directly held by Blackstone Real Estate Partners (AIV) VI-ESH L.P.
F7These Paired Shares are directly held by Blackstone Real Estate Partners VI.TE.1-ESH L.P.
F8These Paired Shares are directly held by Blackstone Real Estate Partners VI.TE.2-ESH L.P.
F9These Paired Shares are directly held by Blackstone Real Estate Partners VI.F-ESH L.P.