MeriStar Hospitality Plans to Sell $300 Million of High-Yield Notes

Press Release
January 17, 2001
WASHINGTON, DC -- MeriStar Hospitality Corporation (NYSE: MHX), the nation's third largest hotel real estate investment trust (REIT), yesterday announced that it plans to sell $300 million of high-yield notes. Pricing may be set by the end of the week.

The securities offered will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

MeriStar Hospitality Corporation owns 114 principally upscale, full-service hotels in major market and resort locations with 29,090 rooms in 27 states, the District of Columbia and Canada. The company owns hotels under such internationally known brands as Hilton, Sheraton, Marriott, Westin, Radisson and Doubletree. For more information about MeriStar Hospitality, visit the company's Web site: www.meristar.com.

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Contact: 
     media:
    Daly Gray Public Relations
    Jerry Daly or Carol McCune,  703/435-6293
       or
    MeriStar Hospitality
    Bruce Riggins, Director of Finance, 202/295-2276
    Melissa Thompson, 202/295-2228
    Director of Corporate Communications