For release Sunday, May 31, and thereafter

May 27, 1998
Web posted at: 5:20 PM EDT (2120 GMT)

Estimates on the size of the extended-stay hotel business:

Number of rooms nationally, end of 1996: 53,000.

Current: 107,000.

Projected growth through 2002: 80,000 new rooms per year.

Percentage of national hotel room inventory: 3 percent.

Projected by 2002: 12 percent.

Source: Industry analysts' estimates.

<_TABLE><0> End advance for Sunday, May 31