Extended Stay America, Inc. Opens Its 26th Florida-Based Property in Lake Mary

2000-10-05
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  • Extended Stay

    FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Oct. 4, 2000--Extended
    Stay America, Inc. (NYSE:ESA) has opened a three-story Extended
    StayAmerica Efficiency Studios brand hotel at 1036 Greenwood Boulevard
    in Lake Mary, Fla. The 98-room hotel, located within miles of Sea
    World, Walt Disney World and Universal Studios, is the Company's
    eighth property in the Orlando area, its 26th hotel in the state and
    its 383rd 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 $319 for a Queen room and $349 for a King room -- a
    fraction of the cost you'd pay elsewhere for similar features. Nightly
    rates are available from $64.

    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.

    Extended Stay America, Inc. owns and operates 25 other
    Florida-based extended-stay hotels under its StudioPLUS Deluxe
    Studios, Extended StayAmerica Efficiency Studios and Crossland Economy
    Studios brand names located in the Daytona Beach, Fort Lauderdale,
    Gainesville, Jacksonville, Maitland, Melbourne, Orlando, Pensacola,
    Tallahassee, Tampa and West Palm Beach areas.

    The Company also has two Extended StayAmerica brand hotels under
    construction in Miami, Fla. that are scheduled for late 2000 and early
    2001 openings.

    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, has recently been named one of
    America's 100 Fastest-Growing Companies by Fortune magazine for the
    second year in a row. Currently, Extended Stay America, Inc. operates
    383 extended-stay lodging hotels in 38 states, which includes
    92 StudioPLUS Deluxe Studios, 252 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.extstay.com.

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