Fastest To Fifty–Staybridge Suites Celebrates Milestone

ATLANTA (November 15, 2002) In less than four years since Staybridge
Suites by Holiday Inn opened its first hotel in Atlanta – Alpharetta,
GA in 1998, the brand celebrates reaching a significant milestone of
50 hotels open, with its newest property in Tulsa, OK. This recent
hotel opening makes Staybridge Suites the first up-market extended
stay hotel brand to reach 50 hotels in just under four years, which is significant
growth for a new brand in a relatively young hotel segment.

It is no wonder that Staybridge Suites is experiencing rapid growth
and brand momentum given that extended stay is the fastest growing
market segment in the industry with demand exceeding supply, said Jim
Anhut vice president of marketing for Staybridge Suites. The
segment's occupancies consistently outperform industry averages, he
said.

Part of this growth can be attributed to the fact that Staybridge
Suites franchises have the benefit of knowing that they have the
support of Six Continents Hotels. Several of the existing properties
are owned and operated by Six Continents Hotels.

We've made a significant investment in the brand alongside our
franchisees, said Anhut. Our ownership and management of these
hotels focuses our attention on the matters most important to guests
and franchisees alike, he said. As owners we know we have a very
competitive hotel concept capable of delivering a very attractive
return on investment.

The new Staybridge Suites hotel in Tulsa is owned and managed by
Woodland Park Hospitality and is operated under a license agreement
with an affiliate of Six Continents Hotels, Inc. The $6.2 million,
55,000-sq. ft. suburban hotel is located near area corporations and
key attractions such as museums, shopping and restaurants.

The new hotel will cater to extended-stay travelers and offer
competitive rates to business travelers. Guests will be able to choose
from a selection of three suite configurations (deluxe studio,
one-bedroom and two-bedroom/2 bath). In each suite guests will find
the comforts of home as well as the efficiency of an office. Guest
suites include conveniences such as functional work areas with
high-speed internet access, voice mail and direct-dial access, two
phone lines per suite all of which enable guests to stay connected
with their busy lives back home while on the road for extended periods
of time.

Common areas include an on-site 24-hour Convenience Store, free
self-service laundry, a well-appointed exercise room and library
stocked with books and movies. The signature Great Room, with its
stone fireplace and tall windows, is another example of the hotel's relaxing atmosphere,
which is considerate of the needs of extended stay guests. Since
extended stay guests stay longer and typically have more downtime they
need space extensions. Future guests of the new hotel will be
encouraged to leave their suites to relax in the Great Room by the
fireplace or to just converse with friendly hotel staff and other
guests during the complimentary Sundowner receptions.

The new hotel will be located at 1111 East 73rd St. South, Tulsa, OK,
telephone; (918) 461-2100 and facsimile; (918) 461-2300.