The Timeshare Beat: MeriStar Hospitality Corp., posts 2Q FFO per share. $1.15 vs. $1.06

Monday July 31, 2000

MeriStar Hospitality Corp., posts 2Q FFO per share. $1.15 vs. $1.06

MeriStar Hospitality Corp. Interim Consol. Earns. June '00-- Thou. US Dollars

3 Mos. to June 30:

2000

1999

Revenues

108,182

100,985

Net income

34,476

31,871

6 Mos.:

Revenues

207,961

194,462

Inc. bef. extraord. item

60,321

57,813

Extraord. item

3,054

--

Net income

63,375

57,813

Note: a Funds from operations per diluted share amounted to $1.15 and $2.14 for the 1999 3 & 6 mos. and $1.06 and $2.00 for the like periods a year ago.

3 Mos. to June 30:	2000	1999
Revenues	108,182	100,985
Net income	34,476	31,871

6 Mos.:
Revenues	207,961	194,462
Inc. bef. extraord. item	60,321	57,813
Extraord. item	3,054	--
Net income	63,375	57,813
Note: a Funds from operations per diluted share amounted to $1.15 and $2.14 for the 1999 3 & 6 mos. and $1.06 and $2.00 for the like periods a year ago.

NEW YORK (Standard & Poor's)--Jul 31, 2000, MeriStar Hospitality Corp., announced 2Q FFO per share $1.15 vs. $1.06 and 6 mos. FFO per share 2.14 vs. 2.00.