Hotel Online Special Report

 Suburban Lodges of America, Inc. Completes Acquisition of 45 Franchised GuestHouse Hotels
ATLANTA - June 2, 1999--Suburban Lodges of America, Inc. (Nasdaq: SLAM) announced today that it had completed its previously announced acquisition of the assets of GuestHouse International LLC, a franchisor of lodging facilities under the names of GuestHouse International Inns, Hotels and Suites. 

GuestHouse International currently has 45 independently owned and operated franchise hotels in 17 states with additional hotel locations under development. The properties represent a diverse group of well-maintained, newly constructed, or recently renovated hotels and inns. GuestHouse International properties adhere to high quality standards for cleanliness, safety and service, and include many two and three diamond AAA rated hotels. 

Suburban Lodges of America, Inc. also develops and franchises Suburban Lodge hotels, the largest economy extended-stay hotel brand in the nation, featuring weekly rates, at most hotels, starting at under $200 per week. Suburban Lodge hotels are designed to appeal to value conscious guests who wish to obtain clean, comfortable and affordable accommodations when traveling for periods of a week or more. The hotels are perfect for extended stay guests during relocation, temporary work assignments, and business or leisure travel. Each guestroom includes a fully equipped kitchen and all of the amenities necessary for a comfortable extended stay. 

Commenting on the acquisition, David E. Krischer, Suburban Lodges' Chairman and CEO said: "I am extremely pleased with this strategic acquisition which more than doubles our franchised hotel locations to a total of eighty-eight. Including Company-owned hotels, a total of 145 hotels now operate under one of the Company's brands. The combination of the nightly-stay GuestHouse International brand with our very successful Suburban Lodge extended-stay concept creates a strong portfolio to support our increasing emphasis on franchising opportunities. We look forward to the growth these opportunities will 

The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including economic conditions, development efficiencies, zoning delays, adverse weather conditions, occupancy and performance, and other risks described in the Company's filings with 
the Securities and Exchange Commission.

Suburban Lodges of America, Inc.
Paul A. Criscillis, Jr., 770/799-5000
Also See: Suburban Lodges Anticpating Acquisition of Guesthouse International / April 1999 

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