Extended Stay America, Inc. Opens 18 New Properties in September.
A new 117-room Crossland Economy Studios property was opened at 3070 E. Texas St., Bossier City (Shreveport), Louisiana.
Twelve EXTENDED STAYAMERICA brand properties were opened at:
-- 10750 Quivira Rd., Overland Park (Kansas City), Kansas
-- 809 Bloodworth Ln., Pensacola, Florida (101 rooms)
-- 3430 Venture Pkwy., Duluth (Atlanta), Georgia (119 rooms)
-- 7555 S. Union Park Ave., Sandy (Salt Lake City), Utah
-- 653 Clark Rd., Rockford, Illinois (104 rooms)
-- 2700 Slater Rd., Morrisville (Raleigh/Durham), North
Carolina (120 rooms)
-- 3384 Norwest Ct., Eagan (Minneapolis), Minnesota (104 rooms)
-- 125 Extended Stay Dr., Amherst (Buffalo), New York (125 rooms)
-- 20251 Lake Forest Dr., Lake Forest (Los Angeles),
California (119 rooms)
-- 300 NE 115th Ave., Vancouver, Washington (116 rooms)
-- 4820 W. Reno Ave., Oklahoma City, Oklahoma (101 rooms)
-- 8309 W. Jefferson Blvd., Fort Wayne, Indiana (101 rooms)
Five StudioPLUS hotels were opened at:
-- 25801 Country Club Blvd., North Olmsted (Cleveland),
Ohio (92 rooms)
-- 2979 N. Stemmons Frwy., Dallas, Texas (98 rooms)
-- 2420 E. Lamar Blvd., Arlington (Dallas), Texas (138 rooms)
-- 5454 Hollister St., Houston, Texas (86 rooms)
-- 4715 N. Main St., Mishawaka (South Bend), Indiana (73 rooms)
The Company's first EXTENDED STAYAMERICA Efficiency Studios property opened in August, 1995, in Spartanburg, SC. In January, 1997, the Company launched the first Crossland Economy Studios in Independence, MO, and on April 11, 1997, the Company consummated a merger with Studio Plus Hotels, Inc. The Company now owns and operates 151 extended stay lodging properties in 32 states.
Following is a summary of the Company's development status as of September 30, 1997:
Crossland STAYAMERICA StudioPLUS Total Operating Facilities 3 99 49 151 Facilities Under Construction 8 45 28 81 Sites Under Option 43 50 26 119
Extended Stay America's three extended stay lodging brands often operate concurrently in the same market. All properties are designed to appeal to value-conscious guests on visits of a week or longer. Crossland Economy Studios, with rates generally ranging from $159 to $199 per week, offer a double bed and kitchenette. EXTENDED STAYAMERICA Efficiency Studios, with rates generally ranging from $199 to $299 a week, offer a queen- size bed and kitchenette. StudioPLUS hotels offer deluxe and queen studios, which include kitchens, at rates generally ranging from $299 to $399 a week. Weekly housekeeping and an on-premise guest laundry are provided at all properties. The Company has previously announced plans to develop a total of 106 properties during 1997 and to operate a total of 181 properties by the end of the year. The Company's goal is to become the nation's leading provider of value priced extended stay lodging. -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.extstay.com In the World Wide Web address noted in this news release, there is a double slash between http: and www.extstay.com. These symbols may not appear properly in some systems.
CONTACT: Extended Stay America
Mariesa McClafferty, 954/713-1624
News-On-Demand: 888/395-STAY (7829)