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Extended Stay America, Inc. Opens Its First Property In Springfield.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 5, 1997--

New 110-Room Hotel Caters to Long-term Travelers

Extended Stay America, Inc. (NYSE: ESA) has opened its first long-term lodging property in South Springfield, Missouri, at 1333 East Kingsley Road. The rapidly growing chain of extended stay lodging facilities is developing properties nationwide.

According to President and Chief Executive Officer George D. Johnson, Jr., "The extended stay lodging 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 Stay America facilities are filling a void that exists for today's value-conscious travelers."

The new three-story property incorporates an interior corridor and is located at the National Road exit, Highway 60, just 15 minutes from Springfield - Branson Regional Airport. Extended Stay America, Inc. owns and operates nine other extended stay lodging properties in the Kansas City and St. Louis areas, under the Crossland Economy Studios, Extended StayAmerica Efficiency Studios and StudioPLUS brand names.

"Extended Stay America's appeal reaches beyond the business and corporate community. Besides being ideal for workers on extended or temporary assignments such as consulting, employee training or construction, our properties are perfect for people building homes, relocating or attending family functions. We operate high-quality, affordable properties while serving the community's travel needs," said Mike Wilson, Vice President - Marketing.

Each room is fully furnished with a queen-size bed, recliner, cable TV with remote control, voice mail with free local calls, and a computer data port. Each room also has a kitchen with a refrigerator, two-burner range, microwave, 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. Properties are generally staffed by five to six full-time and eight to ten part-time employees.

Weekly room rates are available from $219 -- a fraction of the cost you'd pay elsewhere for similar features. Nightly stays are also available from $39.

Extended Stay America, Inc. was founded in January, 1995, by Mr. Johnson and H. Wayne Huizenga. Mr. Johnson was formerly President of the Consumer Products Division of Blockbuster Entertainment Corp., a division of Viacom, Inc. Mr. Huizenga, who is Chairman of the Board, also is Chairman and Co-Chief Executive Officer of Republic Industries, Inc., and formerly was Vice Chairman of Viacom, Inc., and Chairman and CEO of Blockbuster Entertainment Corp.

Extended Stay America, Inc., owns and operates three brands of extended stay lodging properties: StudioPLUS hotels (from $299 - $399 a week), Extended StayAmerica Efficiency Studios (from $199 - $299 a week) and Crossland Economy Studios (from $159 - $199 a week). The Company currently operates 158 extended stay lodging properties in 32 states, which includes 49 StudioPLUS hotels, 105 Extended StayAmerica Efficiency Studios and 4 Crossland Economy Studios facilities. As of October 31, 1997, the Company had78 facilities under construction, and options to purchase approximately 134 sites for development.

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.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, Inc., Fort Lauderdale

Mariesa Capelli, (954) 713-1624

News-On-Demand: 888/395-STAY (7829)

URL: http://www.extstay.com
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Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 5, 1997
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