Prime Closes Sale of Wellesley Inn

30th May 2003

FAIRFIELD, N.J., May 30 /PRNewswire-FirstCall/—Prime Hospitality Corp. (NYSE: PDQ) announced today that it has completed the sale of its Miami-Kendall Wellesley Inn hotel to Navnet Patel. The hotel will continue to be operated as a Wellesley Inn under a 20-year franchise agreement and will be managed by Mr. Patel. The sale reflects Prime`s ongoing strategic initiative to divest its hotel real estate while maintaining franchise rights.
The Wellesley Inn Miami-Kendall is located at 11750 Mills Drive in Miami and opened in 1987. The property features 103 rooms, including 3 suites. Located approximately 16 miles from Miami International Airport, area attractions include Town & Country Mall, Florida International University, Parrot Jungle, Metro Zoo, and Coconut Grove, University of Miami, and major office complexes.
Prime Hospitality Corp., one of the nation`s premiere lodging companies, owns, manages, develops and franchises more than 240 hotels throughout North America. The Company owns and operates three proprietary brands, Prime Hotels & Resorts(SM) (full-service), AmeriSuites(R) (all-suites), and Wellesley Inns & Suites(R) (limited service). Also within Prime`s portfolio are owned and/or managed hotels operated under franchise agreements with national hotel chains including Hilton, Radisson, Sheraton and Holiday Inn. Prime can be accessed over the Internet at and its brands can be accessed at,, and
SOURCE Prime Hospitality Corp.


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