Press Release: Extended Stay America Inc.
July 2, 2002
SPARTANBURG, SC -- Extended Stay America, Inc. (NYSE: ESA) has opened a three-story Extended StayAmerica Efficiency
Studios hotel located at 3860 Murphy Canyon Road, San Diego, California. The 107 room hotel is the Company's 2nd
property in San Diego, its 52nd property in the state and its 449th property overall.
According to Chief Executive Officer George D. Johnson, Jr., "The extended-stay lodging market is the fastest
growing segment of the hotel industry, and is quickly catching the interest of business professionals, people relocating
and those on extended work assignments."
Weekly room rates for the new Extended StayAmerica hotel are available from $429 for a Queen room and $459 for
a King room--a fraction of the cost you'd pay elsewhere for similar features. Nightly rates are available from
$85.
Guest rooms at Extended StayAmerica properties include a queen-size bed, recliner, cable TV with remote, free voice
mail, free local calls, and a computer data port. Each room also has a kitchen with a refrigerator, two-burner
range, microwave, coffee maker, utensils and tableware.
The property features a 24-hour, coin-operated, on-site laundry facility for guests and convenient vending machines.
Guests are provided with weekly housekeeping service and twice-weekly towel service. Properties are generally staffed
by five to six full-time and eight to ten part-time employees.
"The appeal of our hotels reaches beyond the business and corporate community. Besides being ideal for professionals
on extended or temporary assignments such as consulting or training, our properties are perfect for people building
homes, relocating or attending family functions," said Mike Wilson, Vice President - Marketing.
Extended Stay America, Inc. was founded in January 1995 by Mr. Johnson and H. Wayne Huizenga. Mr. Johnson was formerly
President of the Consumer Products Division of Blockbuster Entertainment Corp., a division of Viacom, Inc. Mr.
Huizenga, who is Chairman of the Board, is also Chairman of the Board for AutoNation, Inc. and formerly was Vice
Chairman of Viacom, Inc., and Chairman and Chief Executive Officer of Blockbuster Entertainment Corp.
The Company, which is the fastest-growing company owned and operated hotel chain in U.S. history, was recently
named one of America's 100 Fastest-Growing Companies by FORTUNE magazine for the third year in a row and was added
to Standard and Poor's MidCap 400 Index in August. Currently, Extended Stay America, Inc. operates 449 extended-stay
lodging hotels in 42 states, which includes 95 StudioPLUS Deluxe Studios, 315 Extended StayAmerica Efficiency Studios
and 39 Crossland Economy Studios facilities.
For reservations, locations or additional information on Extended Stay America, Inc., please call 1-800-EXT-STAY
or visit the Company's Web site at http://www.extendedstay.com.
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Contact:
Extended Stay America Inc., Spartanburg
Allison Hall, 864/573-1624; allisonh@extstay.com
http://www.extendedstay.com