ATLANTA, Headquartered in Atlanta, Homestead Studio Suites Hotels today announced the acquisition of the 100-room Mainstay Suites located at 9253 East Costilla Avenue in the Tech Center area of Denver, Colorado. Terms of the acquisition were undisclosed.

Built in 1996, the 3-story interior corridor hotel features Homestead brand standards such as a coin-operated guest laundry and a fully equipped kitchen with workspace and computer dataport in every guest room. Additional amenities specific to this location include a gathering area with television off the lobby, an exercise room, hot tub and guest pantry complete with various quick meal preparations and sundry items.

"We fully expect this to be a seamless integration into the Homestead brand. The hotel is in excellent shape and due to the product type, there will be little renovation required," stated President/CEO Gary A. DeLapp.

Homestead announced plans to grow the brand in August 2002 and has since acquired four hotels bringing their extended stay portfolio to 115 nationwide. The company's search continues for interested independent owners of individual hotels or hotel portfolios, contact Gregg Plouff at (770) 303-2203.

BRE/Homestead Village L.L.C., based in Atlanta, is an owner and operator of more than 100 extended-stay hotels in 28 states under the Homestead Studio Suites brand. Designed with an extended stay in mind, each studio suite features a fully equipped kitchen, work area with computer dataport, free local calls and voicemail that can be personalized. Homestead provides a quality lodging experience at flexible, reasonable rates based on guests' length of stay.

Additional information about Homestead Studio Suites Hotels is available on the company's Web site at www.homesteadhotels.com .