|ARLINGTON, Va., October 20, 2005-BridgeStreet Worldwide, a leading international provider of corporate housing to business and leisure travelers, today announced that its Chicago office has received for an unprecedented fourth consecutive year the prestigious CAMME Award for "Best Corporate Suite Program" from the Chicagoland Apartment Association (CAA). CAMME awards recognize excellence in marketing and management within the Chicago area apartment management community, based on a range of operating statistics. The prize was presented recently at the 2005 CAA annual awards banquet at the Chicago Hilton and Towers in downtown Chicago.
In addition to being cited for "Best Corporate Suite Program" in the Chicago market, BridgeStreet Chicago also received a CAMME award in the "Associate Member Brochure-Print Form" category, for its new sales catalog and brochure. The new printed materials reflect BridgeStreet's stated mission to be "the easiest corporate housing provider to do business with in the industry."
"Winning the Best Program CAMME award for the fourth time in as many years, truly speaks to the work ethic and dedication of our Chicago office," said H. Lee Curtis, BridgeStreet Worldwide president. "Even more impressive, our Chicago office has received this prestigious award every year since we opened it in 2001."
"We are particularly proud of also winning a CAMME for marketing excellence this year, for our new 'Corporate Housing Made Easy' sales materials," said Kevin Killoren, BridgeStreet Worldwide regional manager. "Our collateral succinctly communicates our 'whatever it takes' attitude, which we apply to everything we do in order to positively impact our guests' experience."
The annual black-tie event was attended by property management companies and corporate housing companies throughout the Chicagoland area. Winners were selected by a group of more than 100 judges, who rated each candidate in a variety of categories, including marketing strategy, overall program design, services offered, implementation, results, professionalism, property design and how it reflects current trends, and guest satisfaction.
BridgeStreet Chicago offers business and leisure travelers one-, two- and three-bedroom, fully furnished apartments in more than 35 downtown and suburban locations, with flexible lengths of stay, ranging from one week to a month or longer.
BridgeStreet Worldwide, a subsidiary of Interstate Hotels & Resorts, 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, 2004.