Fitch Assigns Final Rtgs to Extended Stay Trust 2013-ESH Comm Mortgage P-T Ctfs Ser 2013-ESH

CHICAGO--()--Fitch Ratings has assigned the following ratings and Rating Outlooks to Extended Stay America Trust 2013-ESH Commercial Mortgage Pass-Through Certificates Series 2013-ESH:

--$52,500,000 class A-1FL 'AAAsf'; Outlook Stable;
--$157,500,000 class A-1-5 'AAAsf'; Outlook Stable;
--$157,500,000 class A-1-7 'AAAsf'; Outlook Stable;
--$129,500,000 class A-2FL 'AAAsf'; Outlook Stable;
--$24,500,000 class A-2-5 'AAAsf'; Outlook Stable;
--$788,500,000 class A-2-7 'AAA'sf; Outlook Stable;
--$157,500,000* class X-A-5 'AAAsf'; Outlook Stable;
--$157,500,000* class X-A-7 'AAAsf'; Outlook Stable;
--$688,360,000* class X-1-7 'AAAsf'; Outlook Stable;
--$688,360,000* class X-2-7 'AAAsf'; Outlook Stable;
--$85,951,000* class X-1-5 'AA-sf'; Outlook Stable;
--$85,951,000* class X-2-5 'AA-sf'; Outlook Stable;
--$297,500,000* class X-1FL 'BBB-sf'; Outlook Stable;
--$297,500,000* class X-2FL 'BBB-'sf; Outlook Stable;
--$62,000,000 class B-FL 'AA-'sf; Outlook Stable;
--$62,000,000 class B-5 'AA-sf'; Outlook Stable;
--$325,000,000 class B-7 'AA-sf'; Outlook Stable;
--$52,000,000 class C-FL 'A-sf'; Outlook Stable;
--$52,000,000 class C-5 'A-sf'; Outlook Stable;
--$269,000,000 class C-7 'A-sf'; Outlook Stable;
--$54,000,000 class D-FL 'BBB-sf'; Outlook Stable;
--$54,000,000 class D-5 'BBB-sf'; Outlook Stable;
--$280,000,000 class D-7 'BBB-sf'; Outlook Stable.

*Notional amount and interest only.

The final ratings on classes X-1-7, X-2-7, X-1-5 and X-2-5 have changed due to a change in the notional balance each is referencing.

A detailed description of Fitch's rating analysis including key rating drivers, stresses, rating sensitivity, analysis, model, criteria application and data adequacy is available in Fitch's presale report dated Jan. 22, 2013, at www.fitchratings.com.

Additional information is available at www.fitchratings.com. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:
--'Criteria for Analyzing Large Loans in U.S. Commercial Mortgage Transactions' (Sept. 21, 2012);
--'Global Structured Finance Rating Criteria' (June 6, 2012);
--'Criteria for Special-Purpose Vehicles in Structured Finance Transactions' (May 30, 2012);
--'U.S. Commercial Mortgage Servicer Rating Criteria' (Feb. 18, 2011);
--'Counterparty Criteria for Structured Finance Transactions' (May 30, 2012).

Applicable Criteria and Related Research:
Counterparty Criteria for Structured Finance Transactions
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=678938

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Contacts

Fitch Ratings
Primary Analyst:
Jeff Watzke, +1-312-606-2358
Senior Director
Fitch Ratings, Inc.
70 W. Madison Street
Chicago, IL 60602
or
Committee Chairperson:
Eric Rothfeld, +1-212-908-0761
Managing Director
or
Media Relations:
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com

Sharing

Contacts

Fitch Ratings
Primary Analyst:
Jeff Watzke, +1-312-606-2358
Senior Director
Fitch Ratings, Inc.
70 W. Madison Street
Chicago, IL 60602
or
Committee Chairperson:
Eric Rothfeld, +1-212-908-0761
Managing Director
or
Media Relations:
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com