Company Press Release
May 31, 2000
WASHINGTON, DC -- MeriStar Hotels & Resorts, (NYSE: MMH) yesterday announced that its Doral Golf Division has
signed an agreement with an affiliate of New York-based Blackacre Capital Group, LLC to manage the upscale Elkhorn
Golf Club in Sun Valley, Idaho. Blackacre Capital is a privately held fund with investments in golf, hotels and
other commercial properties.
``This top-rated golf course is the second we manage for Blackacre,'' said Paul W. Whetsell, MeriStar chairman
and chief executive officer. ``Our plan is to continue to build on existing relationships with individual owners
and institutional investors like Blackacre, as well as seek new ones. We intend to add to our current management
portfolio of 12 upscale and luxury golf courses throughout North America at a deliberate pace.''
Designed by Robert Trent Jones and Robert Trent Jones Jr., Elkhorn Golf Club is a semi-private, 7,100-plus-yard,
18-hole championship course with a driving range and putting green. Blackacre recently completed construction of
a 7,500-square-foot club house, which includes a 50-seat grille, pro shop and locker rooms.
The Elkhorn Golf Club is rated one of the top courses in the state and is part of The Elkhorn Resort, a comprehensive
resort village located in Sun Valley that includes a resort hotel, shops, restaurants, condominiums, vacation ownership
and single family homes. In addition to golf, other recreational amenities available at the resort village include
skiing, tennis, swimming, a spa and numerous other year-round outdoor activities.
MeriStar Hotels & Resorts operates 234 hospitality and leisure properties with more than 46,000 rooms and 12
golf courses in 34 states, the District of Columbia, Canada, Puerto Rico and the U.S. Virgin Islands.
The matters in this press release include ``forward-looking statements'' within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995 and are qualified by cautionary statements contained
herein and in MeriStar Hotels & Resorts' and MeriStar Hospitality Corporation's filings with the Securities
and Exchange Commission.
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Contact:
Bruce Riggins, Director of Finance
202/295-2276
Melissa Thompson, Director of Corporate Communications
202/295-2228
or
Daly Gray Public Relations
Jerry Daly or Chris Daly, (media)
703/435-6293