FORT LAUDERDALE Extended Stay America will begin relocating its corporate headquarters from Fort Lauderdale to Spartanburg, SC, effective immediately. The move is expected to be completed over the course of the next six months. It is anticipated that the company will occupy temporary office facilities in Spartanburg while the new office building is designed and constructed to meet the company s needs.
According to company executives, the decision to relocate was made following a review of the company s current and anticipated long-term needs for office facilities. It s lease of a substantial portion of current office space expires at the end of the year, and the company believes it can reduce its long-term occupancy costs while increasing operational efficiencies by moving to a building designed for its use in Spartanburg. (5/21/01)