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Non-Tech : Extended Stay America (ESA)

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To: Steve Smith who wrote (44)	6/21/1997 8:07:00 AM
From: Lynne Good	of 133

Here's a part of a news clip: To print this story Headlinesÿ ÿNext Story Accommodating Today's Economy-Conscious Traveler Is Getting Easier Every Day Business Wire - June 19, 1997 11:54 EXTENDED-STAY STAY %FLORIDA %MICHIGAN %TRAVEL %AIRLINES %REAL-ESTATE V%BW P%BW FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--June 19, 1997-- Extended Stay America, Inc. Announces the Opening of its Fifth Property in Michigan Extended Stay America, Inc. (NASDAQ:STAY) has opened its newest property in Farmington Hills, Michigan. The rapidly growing chain of extended stay lodging facilities is developing properties nationwide. 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. Extended Stay America facilities are filling a void that exists for today's value-conscious travelers." The 113-room property in Farmington Hills is located at 27775 Stansbury Blvd., just off of Highway 696. The three-story property incorporates an interior corridor and provides easy access to downtown Detroit.

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