Press Release: MeriStar Hospitality and MeriStar Hotels & Resorts
October 8, 2001
WASHINGTON, DC -- MeriStar Hospitality Corporation (NYSE: MHX), the nation's third largest hotel real estate investment
trust (REIT), and MeriStar Hotels & Resorts (NYSE: MMH), the nation's largest independent hotel management
company, Friday announced that the companies will release third-quarter financial results on Wednesday, November
7, 2001, before the market's opening. Both companies will hold conference calls on Wednesday, November 7, to discuss
their results.
MeriStar Hospitality will hold its quarterly conference call at 10 a.m. ET, while MeriStar Hotels & Resorts'
conference call will begin at 2 p.m. ET. Both calls will be hosted by Chairman and Chief Executive Officer Paul
Whetsell and President and Chief Operating Officer John Emery. Shareholders and other interested parties may listen
to a simultaneous webcast of the conference calls by logging onto www.meristar.com or www.streetevents.com,
or may call (800) 218-0713, reference number 403608 for MeriStar Hospitality, and (800) 218-9073, reference number
403613 for MeriStar Hotels & Resorts. Interested parties may listen to a replay of the conference calls through
Friday, November 9 by dialing (800) 405-2236 and entering each company's reference number. A replay of the conference
calls also will be posted on MeriStar's Web site, www.meristar.com.
MeriStar Hospitality Corporation owns 112 principally upscale, full-service hotels in major markets and resort
locations with 28,617 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.
MeriStar Hotels & Resorts operates 276 hospitality properties with more than 58,000 rooms in 40 states, the
District of Columbia, Canada, and Puerto Rico, including 54 properties managed by Flagstone Hospitality Management,
a subsidiary of MeriStar Hotels & Resorts. Through its Doral Golf division, MeriStar manages 11 golf courses.
BridgeStreet Corporate Housing Worldwide, a MeriStar subsidiary, is one of the world's largest corporate housing
providers, offering upscale, fully furnished corporate housing throughout the United States, Canada, the United
Kingdom, Paris, France and 35 additional countries through its network partners. For more information about MeriStar
Hotels & Resorts, visit the company's Web site: www.meristar.com.
This press release contains forward-looking statements about MeriStar Hospitality Corporation and MeriStar Hotels
& Resorts, including those statements regarding future operating results and the timing and composition of
revenues, among others. 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 MeriStar Hospitality to successfully implement its acquisition strategy
and operating strategy; the companies' ability to manage rapid expansion; changes in economic cycles; competition
from other hospitality companies; and changes in the laws and government regulations applicable to the companies.
For a more detailed description of some of those risks and uncertainties, please read the sections titled ``Risk
Factors'' and ``Special Note Regarding Forward-Looking Statements'' in the annual reports on Form 10-K of MeriStar
Hospitality and MeriStar Hotels & Resorts for the year ended December 31, 2000.
----------------------------------------------------------------------
Contact:
MeriStar Hospitality
Melissa Thompson, 202/295-2228
or
Daly Gray Public Relations
Jerry Daly or Carol McCune, 703/435-6293 (Media)