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 The Generation Companies Rebranding the Hawthorn Suites
in Memphis, Tennessee to a Staybridge Suites
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(RESEARCH TRIANGLE PARK, N.C.)  The Generation Companies LLC (Generation), a Research Triangle Park-based real estate developer, asset manager and operator of extended stay hotels recently acquired the Hawthorn Suites of Ridgeway Center Parkway in Memphis, Tennessee, and repositioned the hotel as a Staybridge Suites. The property will undergo a $1.5 million renovation with plans for completion by spring 2006.        

�Acquiring this well-located hotel and repositioning it as a Staybridge Suites is a win for the local community, for the Staybridge Brand, and for us,� said H. Mark Daley III, president, Generation. �The community gets the freshly upgraded, high-end extended-stay hotel that it needs operated by our award-winning team, the Staybridge brand becomes represented in the important Memphis market, and Generation makes its debut in the upscale extended-stay segment.� 

Guests at the Staybridge Suites Memphis can choose from three suite options (deluxe studio, one-bedroom and two-bedroom/two-bath).  All suites feature fully equipped kitchens, in-room DVD/CD players, functional, well-lit work stations with ergonomic seating, data ports, two-line speaker phone with voicemail, and access to high-speed Internet at no charge. 

The Staybridge Suites Memphis offers several unique amenities such as complimentary guest laundry and workout facilities, deluxe complimentary daily breakfast buffet featuring a rotating selection of hot items, a 24-hour convenience store, and a 24-hour business services center.  In addition, guests will enjoy gathering in the hotel�s Great Room for evening "Sundowner� receptions three days a week for refreshments, light appetizers and conversation. 

�Generation has been a long-time and loyal franchise partner with our mid-scale extended-stay brand, Candlewood Suites,� said Robert Radomski, vice president, Brand Management, Staybridge Suites. �We�re pleased that Generation has chosen to enter the upscale extended-stay category by adding Staybridge Suites to their portfolio.�

About The Generation Companies
The Generation Companies is a Research Triangle Park, North Carolina-based real estate developer, asset manager and operator of extended stay hotels in North Carolina, Kentucky, Virginia, Florida and Tennessee.  Generation has more than 2800 hotel rooms and $130 million in real estate assets under management, and employs over 350 associates at 24 properties.  Generation is actively seeking new management and acquisition opportunities in the extended stay segment. For more about Generation, visit www.generationcompanies.com.

About Staybridge Suites Hotels
Staybridge Suites® is an innovative all-suite hotel brand meeting the needs of the extended-stay guest. It is ideal for travelers seeking an extended-stay hotel for business, relocation, and vacations. Staybridge Suites was ranked Top Extended-Stay hotel in the Extended-Stay segment of the 2003 and 2004 Market Metrix Hospitality Index (MMHI), the largest and most in-depth measure of hotel, airline, and car rental performance available today.  

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Contact:

Ron Jacobsen, Vice-President
The Generation Companies
919.361.9000

Also See: Sterling Hotel Campus, a 253-suite Extended Stay Hotel Park, Opens in Sterling, Virginia; Comprised of a Candlewood Suites and a Suburban Extended Stay Hotel Both Managed by The Generation Companies / July 2005
Generation�s Operating Partner Program Pays Off for Company and Partners / March 2005

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