Equivalent to an annual rate of $2.02 per share, the dividend ispayable Jan. 31, 2001, to shareholders of record on Dec. 29.Dividends declared in 2000, including dividends payable in January2001, are considered 2000 taxable income, company officialscaution. Based on the Dec. 18 closing stock price of $19.38, theannualized dividend yield is 10.4%.

MeriStar Hospitality Corporation owns 114 principally upscale,full-service hotels in major market and resort locations with29,090 rooms in 27 states, the District of Columbia and Canada. Thecompany owns hotels under such internationally known brands asHilton, Sheraton, Marriott, Westin, Radisson and Doubletree.

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