Accomodating today's economy-conscious traveler is getting easier every day.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--March 26, 1997-- -- Extended Stay America The first Extended Stay America hotels opened in 1995 by a number of founders including management from Blockbuster Video and AutoNation. In 1996, Extended Stay America acquired StudioPLUS, further continuing its growth. , Inc. announces the opening of its newest property in Sacramento, CA -- Extended Stay America, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :STAY) (The Company) has opened its second property in California. The rapidly growing chain of extended stay facilities is developing properties nationwide. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. President and Chief Executive Officer George D. Johnson, Jr., "The extended stay market is the fastest growing segment of the hotel industry and is quickly catching the interest of business professionals, people relocating and those on extended work assignments. EXTENDED STAYAMERICA facilities are filling a void that exists for today's value-conscious travelers." The 120-room property in Sacramento is located at 3825 Rosin Court. A second EXTENDED STAYAMERICA facility is under construction in Sacramento at 2100 Harvard Street and is scheduled to open in the Fall of 1997. A property in Bakersfield is already open. Other California locations already under construction include Fresno, Ontario, Pleasant Hill, Rancho Cordova Rancho Cordova (răn`chō kôrdō`və), uninc. residential city (1990 pop. 48,731), Sacramento co., N Calif. A suburb of Sacramento, it experienced rapid growth in the late 20th cent. , and Santa Rosa Santa Rosa, city, Argentina Santa Rosa, city (1991 pop. 80,629), capital of La Pampa prov., central Argentina. It is a modern city and road junction surrounded by a rich agricultural and cattle-raising area. . The three-story, tan stucco property in Sacramento is situated on 2 acres and incorporates an exterior corridor. The facility provides easy access to Interstate 80 and Interstate 5 and is 15 miles from the Sacramento International Airport Sacramento International Airport (IATA: SMF, ICAO: KSMF, FAA LID: SMF) is a public airport located 10 miles (16 km) northwest of the central business district (CBD) of Sacramento, in Sacramento County, California, USA It is run by Sacramento County. . "EXTENDED STAYAMERICA's appeal reaches beyond the business and corporate community. Besides being great for workers on extended or temporary assignment, such as consulting, employees training or construction, our properties are perfect for community residents who are building homes, relocating or attending family functions. We will be operating high- quality, affordable, comfortable properties while serving each community's travel needs," said Mike Wilson, Vice President - Marketing. Each room is fully furnished and includes a queen-size bed, recliner, television with cable, remote control, telephone with voice mail, a computer data port and free local calls. Additionally, each room has a kitchen with refrigerator, two-burner cooktop cook·top n. A flat cooking surface making up the top of a stove or built into a countertop, usually having electric heating elements covered by a sheet of glass. , microwave oven, coffee maker, utensils and tableware. The property also features an on-site laundry facility and vending machines. Guests are provided with weekly housekeeping service and twice-weekly towel service. The property generally will be staffed by five to six full-time and eight to ten part-time personnel. Weekly room rates are $239 and are a fraction of the cost you'd pay elsewhere for similar features. Nightly stays are also available at $44. The Company was founded in January 1995 by Johnson and H. Wayne Huizenga. Johnson was formerly President of the Consumer Products Group of Blockbuster Entertainment Corp., a division of Viacom, Inc. Huizenga, who is Chairman of the Board, also is Chairman and Chief Executive Officer of Republic Industries, Inc., and formerly was Vice Chairman of Viacom, Inc., and Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Blockbuster Entertainment Corp. Extended Stay America currently operates 55 properties in 20 states. There are 51 facilities under construction in 25 states, and 103 contracts to purchase additional sites in 28 states, as of March 26, 1997. Extended Stay America is the largest economy extended stay lodging chain in the nation. For reservations, locations or additional information on Extended Stay America, Inc., please call 1-800-EXT-STAY. -0- NOTE TO EDITORS: For copies of recent press releases from Extended Stay America via fax, at no charge, call 888/395-STAY (7829). For company information, logo and photos via the Internet, visit http://www.businesswire.com/cnn/stay.htm In the World Wide Web address noted in this news release, there is a double slash between http: and www.businesswire.com/cnn/stay.htm. These symbols may not appear properly in some systems. CONTACT: Extended Stay America Mike Wilson Vice President - Marketing 954/713-1621 News-On-Demand: 888/395-STAY (7829) CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cnn/stay.htm |
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