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<br /> <br />FOR PRESENTATION TO THE CITY OF SANTA ANA <br /> <br />Overview <br />Extended Stay Hotels provides a quality lodging experience for the growing ranks of <br />travelers who need services and facilities specifically designed for extended stay travel. <br />The company targets large corporate customers with multi-location extended stay needs <br />by proving affordable nightly and weekly rates. <br /> <br />We offer quality modem studio suites featuring separate living, dining and sleeping areas, <br />generous work space and a fully-equipped kitchen including a stovetop, full size <br />refrigerator and microwave oven. Properties include conveniences such as free voice mail <br />and computer data ports, as well as leisure facilities consisting of pools, spas and exercise <br />rooms. <br /> <br />~ Extended Stay America was acquired in May of 2004 by Blackstone Group <br />private equity firm. <br /> <br />~ Extended Stay Hotels does not franchise, all hotels are company owned. <br /> <br />~ Owning and managing our hotels allows us to have consistent standards <br />throughout the chain. <br /> <br />~ Extended Stay Hotels operates extended stay lodging under the names Extended <br />Stay Deluxe, Extended Stay America, Homestead Studio Suites, StudioPLUS <br />Deluxe Studios and Crossland Economy Studios in 673 locations across the <br />United States. <br /> <br />~ Extended Stay Hotels reinvest 3% of annual revenue directly back into the hotels. <br /> <br />~ Extended Stay Hotels is largest owner operator of extended stay hotels in the world. <br /> <br />~ Blackstone Group also owns Prime Hospitality, Boca Resorts and Wyndham <br />International. <br /> <br />,~i~ <br />