Extended Stay America, Inc. Opens New Hotel in Colorado

SPARTANBURG, S.C.—(BUSINESS WIRE)—June 13, 2002—Extended Stay America, Inc. (NYSE: ESA) has opened a four-story Extended StayAmerica Efficiency Studios hotel located at 8752 South Yosemite Street, Lone Tree, Colorado. The 109 room hotel is the Company`s 1st property in Lone Tree, its 10th property in the state and its 448th property overall.

According to 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.”

Weekly room rates for the new Extended StayAmerica hotel are available from $279 for a Queen room and $309 for a King room—a fraction of the cost you`d pay elsewhere for similar features. Nightly rates are available from $49.

Guest rooms at Extended StayAmerica properties include a queen-size bed, recliner, cable TV with remote, free voice mail, 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 features a 24-hour, coin-operated, on-site laundry facility for guests and convenient 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.

“The appeal of our hotels reaches beyond the business and corporate community. Besides being ideal for professionals on extended or temporary assignments such as consulting or training, our properties are perfect for people building homes, relocating or attending family functions,” said Mike Wilson, Vice President - Marketing.

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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, is also Chairman of the Board for AutoNation, Inc. and formerly was Vice Chairman of Viacom, Inc., and Chairman and Chief Executive Officer of Blockbuster Entertainment Corp.

The Company, which is the fastest-growing company owned and operated hotel chain in U.S. history, was recently named one of America`s 100 Fastest-Growing Companies by FORTUNE magazine for the third year in a row and was added to Standard and Poor`s MidCap 400 Index in August. Currently, Extended Stay America, Inc. operates 448 extended-stay lodging hotels in 42 states, which includes 95 StudioPLUS Deluxe Studios, 314 Extended StayAmerica Efficiency Studios and 39 Crossland Economy Studios facilities.

For reservations, locations or additional information on Extended Stay America, Inc., please call 1-800-EXT-STAY or visit the Company`s Web site at www.extendedstay.com.

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