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Prime Hospitality Corp. Assumes Management of the Empire Hotel
in New York City, Previously Managed by Ian Schrager Hotels
Fairfield, N.J., October 23, 2003 -- Prime Hospitality Corp. (NYSE: PDQ), today announced that effective October 21, 2003, Prime has assumed management of the Empire Hotel in New York City.  The Property was previously managed by Ian Schrager Hotels and will continue to carry the Empire name. 
The 14 story Empire Hotel is located at 44 West 63rd Street overlooking Lincoln Center, at the convergence of Broadway and Columbus Avenue.  The hotel features 465 guest rooms with a significant retail component.  The landmark quality building exemplifies classic pre-war architecture with a brick and limestone facade, defining one of the cityís best luxury locations at the junction of prime commercial, residential, and leisure areas.

Prime Hospitality Corp., one of the nationís premiere lodging companies, 

Empire Hotel
44 West 63 Street
New York, New York

owns, manages, develops and franchises more than 240 hotels throughout North America.  The Company owns and operates three proprietary brands, AmeriSuites® (all-suites), Prime Hotels & Resorts(sm) (full-service) and Wellesley Inns & Suites® (limited service).  Also within Primeís portfolio are owned and/or managed hotels operated under franchise agreements with national hotel chains including Hilton, Radisson, Sheraton and Holiday Inn. 

Richard Hulnick
Also See: Prime Hospitality Corp. Promotes Rich Szymanski to Senior Vice President and Chief Financial Officer / Aug 2003
Ian Schrager's Plan to Renovate the Historic Miramar Hotel Lacks Financing; Acquired for 31.7 million in 2000 / August 2003

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