Extended Stay America, Inc. (NYSE: ESA) will release its third quarter 2002 financial earnings results on Tuesday, October 22, 2002.

To announce the earnings results, the Company will host a live webcast at 9:00 a.m. Eastern Daylight Time (EDT). The webcast can be accessed via the Company`s web site at www.extendedstay.com in the Investor Information section.

An online replay of the webcast will be archived on the Company`s website approximately two hours after the live presentation and will remain on the site until the Company`s next earnings announcement in January 2003.

Founded in 1995 by George D. Johnson, Jr., CEO, and H. Wayne Huizenga, Chairman of the Board, Extended Stay America, Inc. develops, owns and operates three brands of extended-stay lodging hotels designed for business and personal travelers in need of affordable, high quality accommodations for a week or more.

Selected as a Best Practices Champion by Cornell University`s School of Hotel Administration and named one of America`s 100 Fastest-Growing Companies by Fortune magazine in 1999, 2000 and 2001, Extended Stay America, Inc. currently owns and operates 451 extended stay lodging hotels in 42 states which includes 95 StudioPLUS Deluxe Studios, 317 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.

NOTE TO EDITORS: For company information, logo and photos via the Internet, visit http://www.extendedstay.com

In the World Wide Web address noted in this release, there is a double slash between http: and www.extendedstay.com. These symbols may not appear properly in some systems.

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