50 Top Stock Picks In Q2 That Billionaires Love

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Extended Stay America

Trip Advisor

Market Value: $2.2 billion
Billionaire Investor: Centerbridge Partners
Percent of Portfolio: 7.7%

Another industry that has suffered heavily due to the pandemic is hotel, yet there are still some big investors that are willing to spend big bucks to buy stock in certain hotel companies like Extended Stay America. Extended Stay caters to those that are looking for accommodations that are longer than a couple of nights stay, unlike other chain hotels. For New York-based hedge fund Centerbridge Partners (AUM $21.7 billion) they accumulated another 2.4 million shares of Extended Stay America at $12.36 in the second quarter. This brought their share position to 7.7% from its original value in the first quarter.