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  AmeriSuites Vacation Clubs and Timescape Resorts Exploring Franchise Development

FAIRFIELD, N.J., Dec. 6, 2000 - Prime Hospitality Corp.  (NYSE: PDQ) announced it has entered into an agreement with Timescape Resorts to develop the AmeriSuites Vacation Club at Calypso Cay Vacation Villas, in Orlando, FL, south of Lake Buena Vista.  The 151-suite Vacation Club is expected to open in late 2001.  Opportunities to develop other AmeriSuites Vacation Clubs with Timescape are currently being explored.

The AmeriSuites Vacation Club will offer an array of franchise opportunities to hotel developers, such as timeshare franchise status, sales and marketing, management and consulting.  The Vacation Club concept will allow timeshare developers the autonomy to operate their own project while having the clout of a national brand.

�As one of the fasting-growing and well-respected hotel brands in the industry, AmeriSuites will provide great name recognition in key markets for the Vacation Club,� explained Prime�s Senior Vice President of Franchise Sales & Development Terry O�Leary.  �We are confident that our ability to support a timeshare brand with AmeriSuites will offer new opportunities for timeshare developers as well as hotel developers.�

�With the launch of our Calypso Cay Resort and subsequent resorts we can create a timeshare brand that gives independent developers the opportunity to compete with the major timeshare brands,� noted Steve Bradley, Vice President of Resort Development, Timescape.

Michael S. Finn, Senior Vice President of Sales and Marketing, Timescape added, �We know the major brands such as Hyatt and Marriott have taken the lead in the timeshare industry, but we feel we can offer a new way to market vacation ownership that will appeal to our customers as well as developers.�

Timescape Resorts, LLC is an Epoch Properties company with offices in Winter Park and Kissimmee, FL. It has assembled a team of timeshare industry professionals, including Ronnie Lamkin, VP, Operations, formerly with Island One and Interval International; Paul Smith, Director of Sales, formerly with Hyatt Vacation Club, and Anthony Matosich, Director of MIS and Marketing Technologies, previously with Marriott and Airtours.

Prime Hospitality Corp., one of the nation�s premiere lodging companies, owns, manages, develops and franchises over 230 hotels throughout the United States.  The Company operates two proprietary brands, AmeriSuites® (all-suites) and Wellesley Inns & Suites® (limited-service).  

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Contact:
Mafalda Arena of AmeriSuites
973-882-7685
http://www.primehospitality.com
Michael S. Finn
of Timescape Resorts, LLC
888-796-9700

Also See Prime Hospitality Restructuring Operations of Wellesley Inn Suites And AmeriSuites / April 2000 
Prime Hospitality Corp. Sells Frenchman�s Reefto Marriott International, Inc for $73 million / March 2000 


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