Press Release
June 14, 2001
WASHINGTON, DC -- MeriStar Hospitality Corporation (NYSE:MHX) yesterday announced that its operating partnership,
MeriStar Hospitality Operating Partnership, L.P., has commenced the solicitation of consents from holders of its
9 percent Senior Notes due 2008 and 9-1/8 percent Senior Notes due 2011.
MeriStar is seeking a waiver of the obligation to make a Change of Control Offer to purchase these notes following
the closing of its previously announced agreement to merge with FelCor Lodging Trust Incorporated (NYSE:FCH). The
solicitation of consents is being made upon the terms and is subject to the conditions set forth in the consent
solicitation statement, consent forms and related materials, which are being mailed to holders of the notes. MeriStar
will pay consenting holders $5 in cash for each $1,000 principal amount of their notes if the waiver becomes effective.
The solicitation of waivers will expire at 5:00 p.m. Eastern time, on June 21, 2001, unless extended by MeriStar.
Deutsche Banc Alex. Brown and Lehman Brothers are acting as solicitation agents and MacKenzie Partners, Inc. is
acting as the information agent for the consent solicitation. A copy of the consent solicitation statement, the
consent forms and related materials may be obtained from MacKenzie Partners, Inc. by calling (800) 322-2885 (toll
free) or (212) 929-5500 (collect).
Washington, D.C.-based MeriStar Hospitality Corporation owns 113 principally upscale, full-service hotels in major
markets and resort locations with 28,897 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 Corporation, visit the company's Web site: www.meristar.com.
Except for historical information, the matters discussed in this press release are forward-looking statements that
are subject to certain risks and uncertainties that could cause the actual results to differ materially, including
the following: the ability of the company to successfully complete its merger with FelCor; changes in economic
cycles; competition from other hospitality companies; and changes in the laws and government regulations applicable
to the company.
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Contact:
MeriStar Hospitality Corporation
Bruce Riggins, Director of Finance
202/295-2276
Melissa Thompson, Director of Corporate Communications
202/295-2228
or
Media Contact:
Daly Gray Public Relations
Jerry Daly or Carol McCune, 703/435-6293