The partnership has begun a $3.9 million renovation of all guestrooms and the property�s food & beverage outlets. Participants in the investment partnership are MeriStar Hospitality Corporation (NYSE:MHX), MeriStar Hotels & Resorts, Inc.  (NYSE:MMH), and Oak Hill Capital Partners, L.P., a private equity investment group.

�The Wyndham Milwaukee Center perfectly fits our strategy of purchasing high quality, attractively priced hotels with substantial meeting space in prime downtown locations,� said Paul Whetsell, chairman and CEO of both MeriStar Hospitality and MeriStar Hotels & Resorts. �With the completion of the renovation and the implementation of our proprietary management and marketing systems, the hotel will be well positioned to solidify its position as a market leader amongst Milwaukee�s finest hotels.�

Located in the city�s entertainment district between the Milwaukee River Walk and Water Street, the 10-story hotel is within walking distance of the Bradley Center, Milwaukee Auditorium and Arena and the newly opened 200,000 square foot Midwest Express Convention Center. The property is the cornerstone of the Milwaukee Center, a mixed-use development encompassing four local performing arts theaters, including the renowned Pabst Theater; a retail Galleria; the 370,000 square foot Milwaukee Center Office Tower; and an 800-space parking garage.

The Wyndham Milwaukee Center, with more than 40 percent of its guestrooms configured as suites, provides more than 14,200 square feet of meeting space, two F&B outlets�the Kilbourn Cafe and Juneau Pub, a health club, sauna, spa, sun deck, business center and same day laundry/valet. Each room is equipped with two telephones with two lines and dataports, coffee maker, hair dryer, iron and ironing board.

In addition to upgrading guestrooms and food & beverage outlets, the renovation plan includes the conversion of the top two floors into luxury accommodations served by a new concierge lounge�the first and only in the city. Guestrooms will receive new furnishings and amenities.

Oak Hill Capital Partners, L.P. is a $1.5 billion private equity partnership sponsored by Robert M. Bass and his team of investment professionals. Oak Hill Capital Partners makes significant investments in the form of acquisitions, build-ups, recapitalizations, restructurings, strategic joint ventures and minority stakes across a wide range of industries. Oak Hill Capital Partners Management, Inc., based in New York, New York and Menlo Park, California, manages the partnership.

Washington, D.C.-based MeriStar Hospitality Corporation owns 116 principally upscale, full-service hotels in major market and resort locations with 29,348 rooms in 27 states, the District of Columbia and Canada. The company owns hotels under such internationally known brands as Hilton, Sheraton, Marriott, Westin, Radisson and Doubletree.

MeriStar Hotels & Resorts operates 234 hospitality and leisure properties with more than 46,000 rooms and 10 golf courses in 34 states, the District of Columbia, Canada, Puerto Rico and the U.S. Virgin Islands.

The matters in this press release include �forward-looking statements� within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are qualified by cautionary statements contained herein and in MeriStar Hotels & Resorts� and MeriStar Hospitality Corporation�s filings with the Securities and Exchange Commission.