Press Release: MeriStar Hospitality Corporation
September 13, 2001
WASHINGTON, DC -- MeriStar Hospitality Corporation (NYSE: MHX), the nation's third largest hotel real estate investment
trust (REIT), yesterday announced that its subsidiaries, MeriStar Hospitality Operating Partnership, L.P. and MeriStar
Hospitality Finance Corp., have offered to exchange $300,000,000 aggregate principal amount of their 9% Senior
Notes, due 2008, and $200,000,000 aggregate principal amount of their 9 1/8% Senior Notes, due 2011, for like amounts
of their existing 9% Senior Notes due 2008 and 9 1/8% Senior Notes due 2011.
The form and terms of the exchange notes are the same as the form and terms of the existing notes, except that
the exchange notes have been registered under the Securities Act of 1933, do not bear legends restricting their
transfer and are not entitled to registration rights. The exchange notes evidence the same debt as the existing
notes, and both the existing notes and the exchange notes are governed by the same indenture. The exchange offer
expires at 5:00 p.m., Eastern Standard Time, October 11, 2001, unless MeriStar Hospitality Operating Partnership,
L.P. and MeriStar Hospitality Finance Corp. decide to extend the offer.
The exchange offer is being made by means of a prospectus, dated September 12, 2001, and the related letter of
transmittal, and is subject to the terms and conditions contained in those documents. The prospectus forms a part
of a registration statement on Form S-4 that has been declared effective by the Securities and Exchange Commission.
Interested parties may obtain a copy of the registration statement from the Securities and Exchange Commission's
Web site, http://www.sec.gov, and can obtain a copy of the prospectus and the
letter of transmittal from MeriStar Hospitality Corporation's Web site: http://www.meristar.com.
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.
This press release contains forward-looking statements about MeriStar Hospitality Corporation, 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 the company to successfully implement its acquisition strategy and operating strategy;
risks associated with the company's merger with FelCor; the company's 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 company. 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 report
on Form 10-K of MeriStar Hospitality Corporation for the year ended December 31, 2000.
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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
Daly Gray Public Relations (Media)
Jerry Daly or Carol McCune
703/435-6293