The Redmond, WA-based investment company now owns 5.34% of the publicly traded stock in Fort Lauderdale-based Extended Stay America Inc., according to a stock ownership statement filed Aug. 30 with the Securities and Exchange Commission.
Over the past year or so, Cascade Investment also has acquired shares in Boca Raton-based Boca Resorts Inc. and Fort Lauderdale-based Republic Services Inc. Huizenga is chairman and a majority shareholder in all three of the South Florida-based companies.
In the recent disclosure, Gates' company disclosed ownership of 4.95 million shares in Extended Stay. However, the SEC report did not disclose when Cascade acquired the shares or for how much.
Shares of Extended Stay common stock closed down 38 cents Thursday at $16.92 on volume of 1.97 million shares--just $2.43 off the 52-week high of $19.35. The issue has traded as low as $10.63 over the same time period.
Besides Extended Stay, Cascade disclosed in SEC filings that it owns 8.78%, or 15.2 million shares, in Republic Services and 5.04%, or 2 million shares, in Boca Resorts.
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