Extended Stay America, Inc. Keeps Growing; New 104-room Hotel Opens in Chantilly, Va.

According to President and 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 $339 for a Queen room and $369 for a King room -- a fraction of the cost you'd pay elsewhere for similar features. Nightly rates are available from $69.

Guest rooms at Extended Stay America 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.

Extended Stay America, Inc. owns and operates 10 other Virginia-based extended-stay hotels under its StudioPLUS Deluxe Studios and Extended StayAmerica Efficiency Studios brand names located in Chesapeake, Norfolk, Roanoke, Richmond, Virginia Beach and the Washington, D.C. area.

In addition to the new Chantilly hotel, the Company currently has another Extended StayAmerica brand hotel under construction in Fair Oaks, Va. that is scheduled to open by Spring 2000.

"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.

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, also is Chairman and Co-Chief Executive Officer of 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, currently operates 370 extended-stay lodging hotels in 38 states, which includes 91 StudioPLUS Deluxe Studios, 240 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 .