BridgeStreet Accommodations, Inc. Announces Hiring of Chief Operating Officer.

Business Editors

CLEVELAND--(BUSINESS WIRE)--Jan. 7, 2000

BridgeStreet Accommodations, Inc. (AMEX:BDS), today announced the hiring of Wayne B. Goldberg as chief operating officer. Wayne comes to BridgeStreet after a successful tenure of 20 years with Red Roof Inns, most recently as group vice president of operations. John E. Danneberg, president and chief executive officer of BridgeStreet, stated, "As we enter the new year, we are very excited that Wayne Goldberg has joined us as our new chief operating officer. He brings with him a depth and breadth of lodging industry knowledge. We expect him to drive our overall operating strategy and profitability."

BridgeStreet offers upscale, fully furnished apartments, townhouses and condominiums primarily for business travelers and relocating corporate executives who need lodging for one night up to several months or more. A typical unit is considerably larger and its cost per night considerably lower than traditional and extended-stay hotels. The company's diverse customer base centers on Fortune 2000 corporations, professional firms and travel-wise individuals.

BridgeStreet's toll-free number is 1-800-B-STREET for calls from the U.S. or Canada. Feel free to visit our web site at www.bridgestreet.com.

This release contains forward-looking statements which involve risks and uncertainties. The company's actual results may differ significantly from results discussed in the forward-looking statements due to a number of important factors, including, but not limited to, the company's planned rapid expansion, risks related to acquisition financing, dependence on third parties, market acceptance of the company's brand name, and factors affecting travel. These factors are more fully discussed in the company's Registration Statement on Form S-4 filed with the Securities and Exchange Commission (File No. 333-39187).