Press Release
August 17, 2000
FORT LAUDERDALE, FL -- For the second year in a row, Extended Stay America, Inc. (NYSE:ESA) has been named one
of Fortune magazine's top 100 fastest-growing companies. Based on its revenue growth, earnings per share and total
stock-market return, Extended Stay America, Inc. was ranked 18th on this year's list, up five positions from its
1999 ranking. The Company was also ranked fifth in earnings per share and 11th in revenue growth and is once again
the only lodging company to be named to the top 100 list.
``Our Company was created in 1995 with a goal of rapidly becoming a leading provider of extended-stay lodging in
the United States. Being named as a `Top 100' company by Fortune magazine for the second year in a row acknowledges
our accomplishments and is exciting news for our investors and our more than 6,000 employees,'' said George D.
Johnson, Jr., CEO, Extended Stay America, Inc.
Extended Stay America, Inc. has seen unprecedented growth since its 1995 inception. The Company, which has been
named a Cornell University Best Practices Champion, currently owns and operates 380 extended-stay lodging hotels
in 38 states, which includes 91 StudioPLUS Deluxe Studios, 250 Extended StayAmerica Efficiency Studios and 39 Crossland
Economy Studios.
``We are extremely pleased that our products have been well received by the traveling public. We plan to continue
to provide great value for our guests, as well as increase our national presence with the opening of our 400th
hotel in early 2001,'' Mr. Johnson said.
Extended Stay America, Inc. was founded 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, also is Chairman and Chief Executive Officer of AutoNation, Inc. and formerly was
Vice Chairman of Viacom, Inc., and Chairman and Chief Executive Officer of Blockbuster Entertainment Corp.
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 www.extstay.com.
NOTE TO EDITORS: For copies of recent press releases from Extended Stay America via fax, at no charge, call 888/395-STAY
(7829). For company information, logo and photos via the Internet, visit http://www.extstay.com
In the World Wide Web address noted in this release, there is a double slash between http: and www.extstay.com.
These symbols may not appear properly in some systems.
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Contact:
Extended Stay America Inc., Fort Lauderdale
Monique Damiano, 954/713-1624
mdamiano@extstay.com
News-On-Demand: 888/395-STAY (7829)