Extended Stay America sold six ESA-branded properties and 47 Crossland Economy Studios hotels,

as well as all Crossland Economy Studios' intellectual property,for $285 million cash.The sale to DW Crossland Owner LLC, which is indirectly owned by affiliates of Westmont Hospitality Group, is expected to close in the fourth quarter of 2015, according to an SEC filing. The properties are not among those updated under ESA’s ongoing renovation program, according to the company. “This transaction allows us to focus our resources on the renovation and marketing of a single [Extended Stay America] brand, is financially attractive and improves our product quality and marketing effectiveness,” said CFO Jonathan Halkyard.