| FAIRFIELD, N.J., June 25, 1999 - Prime Hospitality
Corp. (NYSE: PDQ) announced today that it has signed an agreement with
on-line travel wholesaler Travelscape.com to become a preferred supplier
of hotel rooms for Internet consumers.
Under the two-year agreement, Travelscape.com will offer Internet consumers
discounted rooms from Prime’s AmeriSuites and Wellesley Inn Suites hotel
chains, as well as from Prime’s full-service portfolio, which includes
Hilton, Radisson, Holiday Inn and Crowne Plaza properties nationwide.
“We are pleased to be joining forces with Travelscape.com to expand
our e-commerce initiatives,” noted A.F. Petrocelli, Prime’s Chairman and
CEO. “This provides us with another sales distribution channel and allows
us to capitalize on the exploding online travel market.”
 |
Las Vegas-based Travelscape.com is a leading consumer-direct online
travel wholesaler serving popular destination markets across the United
States, including Las Vegas, Orlando, New York, San Francisco and Hawaii. |
Through relationships with select travel service suppliers, Travelscape.com
provides low price hotel and transportation alternatives to meet a variety
of consumer travel preferences and budgets.
Prime Hospitality Corp., one of the nation’s premiere lodging companies,
is an owner, manager and franchisor of over 200 hotels throughout the United
States and the U.S. Virgin Islands. The Company operates three proprietary
brands, AmeriSuites® (all-suites), HomeGate Studios Suites® (extended-stay)
and Wellesley Inns® (limited service). Prime previously announced that
effective November 1, 1999, it will merge its Wellesley and HomeGate chains
into the new Wellesley Inn Suites® chain. Also within Prime’s portfolio
are owned and/or managed hotels operated under franchise agreements with
national chains including Hilton, Sheraton, Radisson, Holiday Inn, Ramada,
Country Inns and Howard Johnson. |
