|ARLINGTON, Va., April 19, 2006-BridgeStreet Worldwide, a leading international provider of corporate housing to business and leisure travelers, today announced the nationwide rollout of its new, luxury SleepEasysm bedding package. The premium bedding ensemble is designed to provide a more homelike and restful stay experience to guests. Corporate apartments are an accommodations option that caters to guests who seek more space, independence and comfort than is found in a typical hotel or extended-stay hotel room.
The SleepEasysm package features a signature feather bed; hypo-allergenic 250 thread-count sheets; Performance Thermal cotton blanket; plush duvet in a luxurious fabric; and six fluffy, queen-sized pillows.
"The SleepEasy program was created in response to guests wanting a more luxurious and comfortable bedding experience," said Lee Curtis, president. "BridgeStreet is committed to providing its guests with the very best corporate apartment experience in the industry. We responded to guest feedback with a significant investment in this exceptional bedding package, which leaves nothing to chance in this key area and further enhances the quality and ease of the BridgeStreet guest experience.
We recently completed a rollout of the SleepEasysm bedding system nationwide, as part of our standard apartment package-rather than as a part of a premium apartment package, like much of our competition has done. Guest response to the new bedding package has been extremely positive."
The SleepEasysm package was created by carefully reviewing customer satisfaction surveys. BridgeStreet designed the bedding package with multiple high-quality sleep product suppliers and donated obsolete bedding, as well as $100,000 in housewares, to Rebuilding Together, a national organization of volunteers that preserves and revitalizes houses and communities.
"We are constantly conducting research on our guests' preferences and testing new ideas," Curtis said. "Our goal remains to be the easiest corporate apartment provider to stay with; enhancing the sleep experience is another way to deliver on that promise."
BridgeStreet Worldwide, a subsidiary of Interstate Hotels & Resorts (NYSE: IHR), is one of the world's largest corporate housing and serviced apartment providers. BridgeStreet and its network of Global Partners offer corporate apartments located in over 90 MSAs throughout the United States and internationally. BridgeStreet properties meet uncompromising standards of quality, comfort and service. For more information about the company and to learn more about how BridgeStreet is Making Corporate Housing Easy, visit www.bridgestreet.com or call 1-800-BSTREET.
This press release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, about BridgeStreet, a wholly owned subsidiary of Interstate Hotels & Resorts, including those statements regarding future operating results and the timing and composition of revenues, among others, and statements containing words such as "expects," "believes" or "will," which indicate that those statements are forward-looking. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results to differ materially, including changes in the national economy, economic conditions generally and the real estate market specifically, the threat of future terrorist attacks, governmental actions, legislative and regulatory changes, availability of debt and equity capital, interest rates, competition, supply and demand for lodging facilities in our current and proposed market areas, and the company's ability to manage integration and growth. Additional risks are discussed in Interstate Hotels & Resorts' filings with the Securities and Exchange Commission, including Interstate Hotels & Resorts annual report on Form 10-K for the year ended December 31, 2005.