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 HVM L.L.C., the Operator of Extended Stay Hotels, Provides Web Site with 650 Extended Stay Locations and
Guarantees Lowest Rates on the Internet

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SPARTANBURG, S.C., (November 16, 2004) � Gary DeLapp, President and CEO of HVM L.L.C., the operator of Extended Stay Hotels, announced today the launch of a new website (ExtendedStayHotels.com) that gives business and leisure travelers access to the most comprehensive and convenient extended stay reservations system in the United States. The easy-to-use website offers a choice of over 650 extended stay locations. The website also includes a guarantee that if a lower, publicly available, nightly rate is found on any travel booking engine for the same Extended Stay HotelsSM property over the same dates, it will honor that rate and include an additional 10 percent nightly rate discount.

�We�re making it easy to find and book hotels that provide extended stay lodging, � says DeLapp. �Consolidating brands within this one segment of the hospitality industry means that when people are looking for an extended stay hotel they will likely find it at ExtendedStayHotels.com.� Properties initially featured on the website are Extended StayAmerica®, Homestead Studio Suites®, StudioPLUS Deluxe Studios® and Crossland Economy Studios®, collectively reaching all destinations from coast to coast.  Thirty-seven former Wellesley Inn and Suites became part of the Extended Stay Hotels family in October 2004 and are now part of the Extended StayAmerica brand, as well.
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Extended Stay Hotels Lowest
Internet Price Guarantee
  • View the terms & conditions for our Lowest Internet Price Guarantee and then book your stay at www.ExtendedStayHotels.com.
  • If within 24 hours you find a lower average nightly rate through another travel website for the same Extended Stay Hotels property, dates of travel (* The check-in date must be a minimum of 72 hours from the date/time of the claim submission), number of night(s), room type, and number of guests, access our online claim form to take advantage of our Lowest Internet Price Guarantee or call toll-free 1-800-355-4535.
  • If Extended Stay Hotels can confirm the lower rate is available and bookable on a competing website, our Lowest Internet Price Guarantee team will modify your nightly room rate to be 10% less than the competing website's nightly rate and we will contact you to confirm your new rate.
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�Few designated extended stay hotel booking sites offer such a broad range of products and locations,� says Mark Skinner, partner with the hospitality consulting firm, The Highland Group.

The site has an enhanced hotel search option that allows users to drill down to find information they need about individual hotel properties, including specific amenities, room layouts, virtual tours, driving directions and local points of interest like nearby restaurants, movie theaters and other businesses. There is also an option to create a password-protected personal identification page where billing address, credit card and contact information is stored in the system, thus eliminating the need to re-enter the same information when subsequent reservations are made. Existing reservations may also be accessed at ExtendedStayHotels.com for viewing or to make modifications.

DeLapp says, �Extended Stay Hotels is taking extraordinary steps to provide for the needs of extended stay travelers. Service is a top priority and Extended Stay Hotels is setting new benchmarks for how customers should expect to be treated in this industry.�

The new website is one of many industry improvements that have been made since the consolidated marketing of the Extended Stay America and Homestead Studio Suites Hotels® brands began in May, 2004.  Today, there is an Extended Stay HotelsSM property in most major markets in the U.S., making it the country�s largest and most comprehensive collection of extended stay properties.

According to The Highland Group, demand for extended stay hotels increased by 6.8 percent in the first quarter 2004 compared to one year prior. Room demand is outpacing room availability, which leads many to believe the extended-stay category is on pace to return to pre-9/11 days when the extended stay industry held a 12-point premium occupancy rate (69.3%) over the entire hotel industry.

About Extended Stay Hotels

HVM L.L.C., the operator of Extended Stay Hotels is headquartered in Spartanburg, South Carolina. The company operates more than 650 extended stay lodging hotels in 43 states, including Extended StayAmerica Efficiency Studios®, Homestead Studio Suites Hotels®, StudioPLUS Deluxe Studios® and Crossland Economy Studios® properties.


 
Contact:
Extended Stay Hotels
100 Dunbar Street
Spartanburg, SC 29306
Phone: (864) 573-1600
www.extendedstayhotels.com
Also See: The Combination of Extended Stay America and Homestead Village Will Create a Dominant Force in Extended-stay Lodging, New Company Will Have 31% of the Extended Stay Market / March 2004
Gary A. DeLapp, President/CEO, Homestead Studio Suites Outlines Goals for 2002 / Feb 2002


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