NEW YORK Standard & Poor assigned its BB- rating to MeriStar Hospitality Operating Partnership L.P.s proposed $300 million senior unsecured note offering.
The notes will be guarantee by MeriStar Hospitality Corp. and all those subsidiaries that have also guaranteed MeriStar Hospitality Operating Partnerships credit facilities. MeriStar Hospitality Operating Partnership, a limited partnership, is an entity through which MeriStar Hospitality Corp. holds substantially all of its assets. MeriStar Hospitality Corp. is the sole general partner of the operating partnership and has control of its operations. (1/19/01)