In a new Fortune magazine ranking of the country’s 100 fastest-growing companies, only one is in the lodging business: locally-headquartered Extended Stay America Inc.

Created five years ago, the company owns and operates 380 lodging facilities in 38 states. The properties are 91 StudioPLUS Deluxe Studios, 250 ExtendedStayAmerica Efficiency Studios and 39 Crossland Economy Studios.

Revenue rose in 1999 to $417.7 million, up 52.5% from the prior year, while net income went up 68.6% to $47.2 million. The Fort Lauderdale-based company was founded by George D. Johnson, Jr., its CEO and Florida entrepreneur H. Wayne Huizenga.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.