(Image source: tripadvisor) The hotel chain Extended Stay America priced its IPO yesterday at $20 a share, which is expected to raise about $565 million. At the current IPO price, the hotel chain will have a market cap of $4 billion. Extended Stay America is currently owned by two hedge funds ( Centerbridge Partners and Paulson & Company) and the private equity giant The Blackstone Group L.P. (NYSE:BX). The chain has 682 hotels in the United States and Canada with third quarter revenues of $313.7 million. Extended Stay America will start trading on the NYSE under the ticker “STAY.N”.