ARLINGTON, Va., September 2, 2003 � MeriStar Hospitality Corporation (NYSE: MHX), the nation�s third largest hotel real estate investment trust (REIT), today announced that it has completed the sale of two hotels in Florida in separate transactions for $41.75 million.  The hotel REIT sold the 268-room Radisson Suite Beach Resort on Florida�s Marco Island to Boykin Lodging Company (NYSE: BOY) for $27.25 million, and the 289-room Ramada-Clearwater to a private investment group for $14.5 million.

Ramada Clearwater 521 S. Gulfview Blvd. Clearwater, Florida

�The timing and pricing of our disposition transactions continue to be in line with our expectations.  As previously announced, we plan to use asset disposition proceeds to pay down senior notes and to reinvest in our core properties to enhance the overall quality of our portfolio.  We have 36 additional assets planned for disposition, and we expect to complete a significant number of transactions in the fourth quarter.� 

Arlington, Va.-based MeriStar Hospitality Corporation owns 101 principally upscale, full-service hotels in major markets and resort locations with 26,290 rooms in 25 states, the District of Columbia and Canada.  The company owns hotels under such internationally known brands as Hilton, Sheraton, Marriott, Westin, Doubletree and Radisson. 

This press release contains forward-looking statements about MeriStar Hospitality Corporation, including those statements regarding future operating results, the timing and composition of revenues and expected proceeds from asset sales, among others.