ShoLodge Completes Tender Offer

PRNewswire-FirstCall HENDERSONVILLE, Tenn. Nov. 4 :

ShoLodge, Inc. , announced today that it has completed its tender offer to
purchase Senior Subordinated Notes at a purchase price of $850 per $1,000
principal amount. The Company received and accepted tenders for $5,293,000
in principal amount of the notes, consisting of $2,753,000 Series A,
$2,088,000 Series B, $251,000 Series A-1, and $201,000 Series B-1.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the new
notes in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities
laws of such jurisdiction.

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