Prime Stockholders Approve Merger With Blackstone

Prime Hospitality Corp. today announced that its stockholders, voting at a
special meeting held in Fairfield, New Jersey this morning, have adopted the
Agreement and Plan of Merger among the Company and affiliates of The
Blackstone Group.  Approximately 99.9% of stockholders present and voting
adopted the merger agreement, representing approximately 65.4% of the total
number of outstanding shares entitled to vote.The proposed merger was announced on August 18, 2004 and is expected to
close on October 8, 2004, pending the satisfaction or waiver of all of the
conditions set forth in the merger agreement.  Under the terms of the merger
agreement, the Company’s stockholders will receive $12.25 per share in cash,
without interest.
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