Press Release: Prime Hospitality Corp.
March 9, 2001
FAIRFIELD, NJ -- In an effort to provide superior service for business travelers, eliminate paperwork and lower
administrative travel costs for corporate clients, Prime Hospitality Corp. (NYSE: PDQ) has introduced an innovative
E-Folio Program, a paperless method for collection and distribution of hotel folio information from corporate travelers
to their home offices for immediate expense report generation.
Prime is the first hotel company to offer this new innovation at all 203 of its properties within the AmeriSuites
and Wellesley Inn & Suites proprietary hotel brands. E-Folio is part of a larger solution developed and implemented
by Multi-Systems, Inc. MSI's Corporate Track provides central reporting for frequency club administration, data
warehousing and reporting designed to enhance Prime's yield management, revenue management and guest experience
initiatives.
E-Folio's first application is currently serving over 130,000 traveling IBM employees, but MSI and Prime have developed
a method that can be applied to other corporate customers as well. The E-Folio technology currently allows IBM
employees to stay at any of Prime's AmeriSuites and Wellesley Inn & Suites hotels and have their expenses automatically
reported to IBM. Corporate Track is an extension of MSI's Property Management System (PMS) and has been developed
with the ability to assist any Prime corporate client who requests these new services.
``MSI's Corporate Track with E-Folio is a very important business management tool. We're pleased to work with a
partner like MSI. Together, Prime and MSI acknowledged our customer's needs and mapped out a solution. With this
technology, Prime can achieve leadership in our industry by providing this tremendous customer technology benefit,''
noted James Crosby, Prime's Vice President, Technology. ``We have selected MSI as our exclusive PMS provider due
to their responsiveness to our overall needs. They have provided us with a flexible ASP model that protects the
mission critical PMS application, while providing us with a centralized solution for our corporate needs. As a
result of both Prime and MSI's commitment and expertise, we were able to work together to develop this E-Folio
initiative very quickly and successfully implement it at all of our branded hotels on New Years Day, 2001.''
``Prime had the vision to build the most adaptable Property Management architecture in the industry, providing
them with the necessary infrastructure for central data collection and reporting,'' explains Mark Houser, MSI's
Chief Operating Officer. ``Adding E-Folio to their existing service offerings through MSI's Corporate Track was
a cost-effective way to leverage a proven communication and database vehicle. This infrastructure allowed MSI to
react quickly when the idea of E-Folio was introduced.''
Corporate Track offers other web-based applications, including the ability for the corporate office, properties
and frequent guest members to gain immediate, secure access to view, print or e-mail their travel folios from any
computer or hand-held PDA device with internet access.
Prime Hospitality Corp., one of the nation's premiere lodging companies, owns, manages, develops and franchises
over 230 hotels throughout the United States. The Company owns and operates two proprietary brands that compete
in different segments: AmeriSuites® (all-suites) and Wellesley Inns & Suites® (limited-service). Also
within its portfolio are owned and/or managed hotels operated under franchised agreements with national hotels
chains including Hilton, Radisson, Sheraton, Crowne Plaza, Holiday Inn, and Ramada. Prime and its proprietary brands
can be accessed at http://www.primehospitality.com; http://www.amerisuites.com
and http://www.wellesleyinnandsuites.com.
Multi-Systems, Inc. MSI has been a lodging industry leader of hotel technology and Property Management Systems
since 1990. With an installed customer base of more than 2500 hotels and resorts throughout North America, MSI
is one of the lodging industry's largest providers of fully integrated Property Management, Sales & Catering,
POS and automated and wireless Self Check-in/out Systems. MSI specializes in providing system solutions for management
companies and hotel chains with central reservation integration being a ``key'' to providing successful technology
to franchised hotels. For more information on Multi-Systems, Inc. technology solutions, please contact Jennifer
Skurnowicz at 800-331-7890. You can also visit our web site at http://www.MSIsolutions.com,
http://www.WinPM.com or e-mail us at Info@MSIsolutions.com.
SOURCE: Prime Hospitality Corp.