EX-4.1



 Exhibit 4.1 

JOINDER TO REGISTRATION RIGHTS AGREEMENT 

September 29, 2015 
 Reference is made to
the Registration Rights Agreement, dated as of November 18, 2013 (the “Agreement”), by and among Extended Stay America, Inc., a Delaware corporation (“Extended Stay”), ESH Hospitality, Inc., a Delaware
corporation (“ESH REIT”), the Centerbridge Parties, the Paulson Parties, the Blackstone Parties (together with the Centerbridge Parties and the Paulson Parties, the “Investors”) and such other Persons as shall
hereafter become parties hereto pursuant to the Agreement. Unless otherwise defined herein, capitalized terms defined in the Agreement and used herein shall have the meanings given to them in the Agreement. 

W I T N E S S E T H: 
 WHEREAS,
Extended Stay, ESH REIT and the Investors entered into the Agreement in connection with the Initial Public Offering of Paired Share Units in order to provide a liquidity mechanism to the Investors; 

WHEREAS, pursuant to Section 10(f) of the Agreement, if a Transfer constitutes less than 5.0% of the outstanding Paired Share
Units, such Transferee shall execute and deliver to Extended Stay and ESH REIT an instrument, in form and substance reasonably satisfactory to the Extended Stay and the ESH REIT, to evidence its agreement to be bound by, and to comply with, the
Agreement as a Holder; provided, however, that all of the obligations of the Extended Stay and ESH REIT under the Agreement shall survive any such Transfer; 

WHEREAS, Paulson Partners Enhanced LP and Paulson Partners LP (each, a “New Investor”) are executing this joinder agreement
(“Joinder Agreement”) to the Agreement in order to benefit from the Investors’ registration rights, and the registration obligations of Extended Stay and ESH REIT, under the Agreement. 

NOW, THEREFORE, Extended Stay, ESH REIT and each New Investor hereby agree as follows: 

Joinder; Effect. In accordance with Section 10(f) of the Agreement, each New Investor agrees to be bound by, and to comply
with, the all of the terms and provisions of the Agreement applicable to a Holder. The execution and delivery of this Joinder Agreement by each New Investor shall also constitute the execution and delivery by the New Investor of the Agreement,
whereupon the Investor shall have all the rights of, and be subject to all the obligations of, one of the Paulson Parties under the Agreement. 

Severability. Any provision of this Joinder Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 Counterparts. This Joinder Agreement may be executed in counterparts, each of which
shall constitute an original. Delivery of an executed signature page to this Joinder Agreement by facsimile, pdf or other electronic transmission shall be as effective as delivery of a manually executed counterpart of this Joinder Agreement. 







 No Waiver. Except as expressly supplemented hereby, the Agreement shall remain in full
force and effect. 
 Notices. All notices, requests and demands to or upon each New Investor, Extended Stay and ESH REIT shall be
governed by the terms of Section 11(e) of the Agreement. 
 Conflicts. In the event of a conflict between the terms of
this Joinder Agreement and the terms of the Agreement, the terms of the Agreement shall govern except with respect to matters described in paragraph entitled “Joinder; Effect” contained in this Joinder Agreement. 

Governing Law. THIS JOINDER AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS JOINDER AGREEMENT SHALL BE GOVERNED BY,
AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 [Signature pages follow.] 







 IN WITNESS WHEREOF, each of the undersigned have caused this Joinder Agreement to be duly
executed and delivered by their duly authorized officers as of the day and year first above written. 
  

			
	PAULSON PARTNERS ENHANCED LP
		
	By:	 	/s/ Stuart Merzer
	Name:	 	Stuart Merzer
	Title:	 	Authorized Signatory
		 	
		 	
		 	
	PAULSON PARTNERS LP
		
	By:	 	/s/ Stuart Merzer
	Name:	 	Stuart Merzer
	Title:	 	Authorized Signatory


 [Signature Page to Registration Rights Joinder Agreement] 







 
			
	EXTENDED STAY AMERICA, INC.
		
	By:	 	/s/ John R. Dent
	Name:	 	John R. Dent
	Title:	 	General Counsel
		 	
		 	
		 	
	ESH HOSPITALITY, INC.
		
	By:	 	/s/ John R. Dent
	Name:	 	John R. Dent
	Title:	 	General Counsel


 [Signature Page to Registration Rights Joinder Agreement]