Pending customary conditions, including regulatory andshareholder approval, the merged company will be renamed DoralInternational Inc. and will focus on international leisure andhospitality. Doral International will have assets exceeding $1.2billion, pro forma FY 2001 revenues of approximately $600 million,and expected pro forma EBITDA in FY 2001 in excess of $100million.

Doral International will be headquartered in Washington, DC atMeristar's 1010 Wisconsin Ave. offices. Leslie B. Otten will bechairman, Paul W. Whetsell, chief executive officer, and JohnEmery, chief financial officer.

In this tax-free, stock-for-stock merger, MeriStar will mergeinto American Skiing Co. which will be renamed Doral International.The company will manage, operate, own and develop Doral-branded,year-round mountain and beach resorts, vacation villages andconference centers. It will also manage upscale hotels forthird-party owners, as well as operate corporate housing under itsproprietary BridgeStreet Accommodations brand.