Extended Stay America set June 8 as the date for a shareholder vote on its agreement to be acquired for approximately $6 billion in a 50/50 joint venture between Blackstone Real Estate Partners and Starwood Capital Group, the company announced. ESA also has filed a definitive proxy statement in conjunction with the proposed acquisition with the U.S. Securities and Exchange Commission, and sent a letter to shareholders outlining the reasons the company’s management is in favor of the transaction.

The company announced the acquisition agreement on March 15. On March 22, at least two shareholders went public in opposition to the deal. ESA’s preliminary proxy statement, filed April 13, showed that the company had been in and out of talks with both Starwood and Blackstone since 2017. 

RELATED: Extended Stay Acquisition Talks with Blackstone, Starwood Date to 2017