MeriStar is seeking a waiver of the requirement to make a change of control offer to purchase these notes, after the FelCor merger. MeriStar will pay consenting holders $5 in cash for each $1,000 principal amount of their notes if the waiver becomes effective. As extended, the solicition of wavers will expire at 5 p.m. Thursday, unless MeriStar extends it again. Solicitation agents are Deutsche Banc Alex. Brown and Lehman Brothers, and information agent for the solicitation is MacKenzie Partners Inc.
MeriStar Hospitality Corporation owns 113 upscale, full-service hotels in 27 states, the District of Columbia and Canada, with brands including Hilton, Sheraton, Marriott, Westin, Radisson and Doubletree.
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