Shares of Extended Stay America Inc. rose in Monday’s extended session after the long-term stay hotel chain said Chief Executive Gerry Lopez will step down and serve as a senior adviser until March 18. Lopez will be succeeded by Chief Financial Officer Jonathan Halkyard, effective Jan. 1. The company also raised its 2017 profit outlook to a range of $158 million to $163 million from $155 million to $161 million and increased its revenue target to $1.28 billion to $1.284 billion versus $1.273 billion to $1.279 billion previously. Analysts surveyed by FactSet are projecting average sales of $1.276 billion this year. Extended Stay shares gained 2.2% after hours.
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