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To: roulette who wrote (1781)	5/4/1999 6:16:00 AM
From: Joseph Strohsahl	Read Replies (1) \| Respond to of 2038

Being bought out soon...HSD (Volume over 2,000.000} quote.yahoo.com Homestead Village Discussing 'Combination' With Unnamed Party Atlanta, May 3 (Bloomberg) -- Homestead Village Inc., the second-largest operator of so-called extended-stay hotels, said it is in discussions with an unidentified party for a possible ''business combination.'' The Atlanta-based company has 125 properties, including locations in 24 of the top 25 U.S. travel destinations, and targets business travelers who stay five nights or longer. Homestead Village declined to offer any details of the possible combination. If the company, which had 1998 revenue of $146.4 million, reaches an agreement before May 21, it said it will withdraw a $210 million rights offering set to expire on that day. The company said in March that it would offer 76.49 million shares at $2.75 each to repay debt. Homestead Village hotels feature amenities such as kitchenettes and work areas in every room, and are marketed to corporations with many employees on the road. It is the second- largest extended-stay operator after Extended Stay America Inc., which is controlled by Florida businessman Wayne Huizenga. Homestead Village shares rose 11/16 to 4 11/16 in late morning trading. They have fallen 76 percent in the last year. May/03/ 99 11:43