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                                                                    EXHIBIT 99.2

                         NOTICE OF GUARANTEED DELIVERY
                             TO TENDER FOR EXCHANGE

                            9% SENIOR NOTES DUE 2008
                          9 1/8% SENIOR NOTES DUE 2011

                MERISTAR HOSPITALITY OPERATING PARTNERSHIP, L.P.

                       MERISTAR HOSPITALITY FINANCE CORP.

     As set forth in the Prospectus dated             , 2001 (the "Prospectus"),
of MeriStar Hospitality Operating Partnership, L.P., a Delaware limited
partnership (the "Company"), and MeriStar Hospitality Finance Corp., a Delaware
corporation (together with the Company, the "Issuers") and the accompanying
Letter of Transmittal and the instructions thereto, registered holders of
outstanding 9% Senior Notes due 2008 and 9 1/2% Senior Notes due 2011 of the
Issuers (collectively, the "Initial Notes") who wish to tender their Initial
Notes for a like principal amount of 9% Senior Notes due 2008 and 9 1/2% Senior
Notes due 2011, respectively, of the Issuers (collectively, the "Exchange
Notes") and whose Initial Notes are not immediately available or who are unable
to deliver their certificates (or obtain confirmation of the procedure for
book-entry transfer on a timely basis) and all other required documents to reach
U.S. Bank Trust National Association (the "Exchange Agent") prior to 5:00 p.m.,
New York City time, on             , 2001 (the "Expiration Date") may use this
form or one substantially equivalent hereto. This Notice of Guaranteed Delivery
may be delivered or transmitted by telegram, telex, facsimile transmission, mail
or hand delivery to the Exchange Agent as set forth below. In addition, in order
to utilize the guaranteed delivery procedure to tender Initial Notes, a
completed, signed and dated Letter of Transmittal (or facsimile thereof) must
also be received by the Exchange Agent prior to 5:00 p.m., New York City time,
on the Expiration Date. Capitalized terms not defined herein are defined in the
Prospectus.

       Delivery to: U.S. Bank National Trust Association, Exchange Agent


<Table>
                                                          
  By Registered or Certified             By Facsimile:           By Overnight Courier or Hand:
              Mail:
   U.S. Bank National Trust       (for Eligible Institutions       U.S. Bank National Trust
          Association                        only)                        Association
     180 East Fifth Street              (651) 244-1537               180 East Fifth Street
      St. Paul, MN 55101             Confirm by Telephone:            St. Paul, MN 55101
   Attn: Specialized Finance            (651) 244-8161             Attn: Specialized Finance
</Table>


     DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE, OR
TRANSMISSION OF INSTRUCTIONS VIA FACSIMILE OTHER THAN AS SET FORTH ABOVE, WILL
NOT CONSTITUTE A VALID DELIVERY.

     THIS FORM IS NOT TO BE USED TO GUARANTEE SIGNATURES. IF A SIGNATURE ON THE
LETTER OF TRANSMITTAL TO BE USED TO TENDER INITIAL NOTES IS REQUIRED TO BE
GUARANTEED BY AN "ELIGIBLE INSTITUTION" UNDER THE INSTRUCTIONS THERETO, SUCH
SIGNATURE GUARANTEE MUST APPEAR IN THE APPLICABLE SPACE PROVIDED IN THE LETTER
OF TRANSMITTAL.
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LADIES AND GENTLEMEN:

     Upon the terms and conditions set forth in the Prospectus and the
accompanying Letter of Transmittal, the undersigned hereby tenders to the
Issuers the principal amount of Initial Notes set forth below, pursuant to the
guaranteed delivery procedure described in "The Exchange Offer -- Terms of the
Exchange Offer -- Procedures for Tendering Initial Notes -- Guaranteed Delivery
Procedure" section of the Prospectus, receipt of which is hereby acknowledged.

   Principal Amount of 9% Senior Notes due 2008 Tendered (must be in integral
   multiples of $1,000):

   $
   ----------------------------------------------------
   Certificate Nos. (if available):
   ------------------------------------------------------
   ------------------------------------------------------
   Total Principal Amount Represented by 9% Senior Notes due 2008
   Certificates(s):

   $
   ---------------------------------------------------

   Principal Amount of 9 1/8% Senior Notes due 2011 Tendered (must be in
   integral multiples of $1,000):

   $
   ----------------------------------------------------
   Certificate Nos. (if available):
   ------------------------------------------------------
   ------------------------------------------------------

   Total Principal amount Represented by 9 1/8% Senior Notes due 2011
   Certificate(s):

   $
   ----------------------------------------------------
   Name of Record Holder:

   ------------------------------------------------------
                             (PLEASE TYPE OR PRINT)

   ------------------------------------------------------
                             (PLEASE TYPE OR PRINT)

   If 9% Senior Notes due 2008 will be delivered by book-entry transfer to
   The Depository Trust Company:

   Name of Tendering Institution:
   --------------------

   Account Number:
   ----------------------------------

   Name of Record Holder:

   ------------------------------------------------------
                             (PLEASE TYPE OR PRINT)

   ------------------------------------------------------
                             (PLEASE TYPE OR PRINT)

   If 9 1/8% Senior Notes due 2011 will be delivered by book-entry transfer
   to The Depository Trust Company:

   Name of Tendering Institution:
   --------------------

   Account Number:
   ----------------------------------

     ANY AUTHORITY HEREIN CONFERRED OR AGREED TO BE CONFERRED SHALL SURVIVE THE
DEATH OR INCAPACITY OF THE UNDERSIGNED AND EVERY OBLIGATION OF THE UNDERSIGNED
HEREUNDER SHALL BE BINDING UPON THE HEIRS, PERSONAL REPRESENTATIVES, SUCCESSORS
AND ASSIGNS OF THE UNDERSIGNED.

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                                PLEASE SIGN HERE
                   (TO BE COMPLETED BY ALL TENDERING HOLDERS)

<Table>
                                                              
x    -----------------------------------------------------------    ------------------------------

     -----------------------------------------------------------    ------------------------------
x         SIGNATURE(S) OF OWNER(S) OR AUTHORIZED SIGNATORY                       DATE
</Table>

   Area Code and Telephone Number:
   ------------------------------------------

        This Notice of Guaranteed Delivery must be signed by the registered
   holder(s) of Initial Notes exactly as their name(s) appear(s) on
   certificate(s) for Initial Notes or on a security position listing as the
   owner of Initial Notes, or by person(s) authorized to become registered
   holder(s) by a properly completed bond power from the registered
   holder(s), a copy of which must be transmitted with this Notice of
   Guaranteed Delivery. If Initial Notes to which this Notice of Guaranteed
   Delivery relates are held of record by two or more joint holders, then all
   such holders must sign this Notice or Guaranteed Delivery. If signature is
   by a trustee, executor, administrator, guardian, attorney-in-fact, officer
   or other person acting in a fiduciary or representative capacity, such
   person must (i) set forth his or her full title below and (ii) unless
   waived by the Issuers, submit evidence satisfactory to the Issuers of such
   person's authority to so act.
   Name(s):
   --------------------------------------------------------------------------
                             (PLEASE TYPE OR PRINT)

   --------------------------------------------------------------------------
                             (PLEASE TYPE OR PRINT)
   Capacity:
   --------------------------------------------------------------------------
   Address:
   --------------------------------------------------------------------------
   --------------------------------------------------------------------------
                              (INCLUDING ZIP CODE)

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                                   GUARANTEE

        The undersigned, a member of a registered national securities
   exchange, or a member of the National Association of Securities Dealers,
   Inc., or a commercial bank, a clearing agency, insured credit union, a
   savings association or, or trust company having an office or correspondent
   in the United States or an "eligible guarantor" institution within the
   meaning of Rule 17Ad-15 under the Securities Exchange Act of 1934, as
   amended, hereby guarantees to deliver the certificates representing the
   principal amount of Initial Notes tendered hereby in proper form for
   transfer (or confirmation of the book-entry transfer of such Initial Notes
   into the Exchange Agent's account at The Depository Trust Company pursuant
   to the procedures for book-entry transfer set forth in the Prospectus),
   together with a properly completed and duly executed Letter of Transmittal
   (or a manually signed facsimile thereof), with any required signature
   guarantee and any other documents required by the Letter of Transmittal,
   to the Exchange Agent at one of the addresses set forth above, no later
   than three New York Stock Exchange trading days after the date of
   execution hereof.

        THE UNDERSIGNED ACKNOWLEDGES THAT IT MUST DELIVER THE LETTER OF
   TRANSMITTAL AND INITIAL NOTES TENDERED HEREBY TO THE EXCHANGE AGENT WITHIN
   THE TIME PERIOD SET FORTH HEREIN AND THAT FAILURE TO DO SO COULD RESULT IN
   FINANCIAL LOSS TO THE UNDERSIGNED.

   Name of Firm:
   --------------------------------------------------------------------------
   Address:
   --------------------------------------------------------------------------
   --------------------------------------------------------------------------
                              (INCLUDING ZIP CODE)
   Area Code and Telephone Number:
   ---------------------------------------------------------------------------
   Authorized Signature:
   --------------------------------------------------------------------------
   Name:
   --------------------------------------------------------------------------
                             (PLEASE TYPE OR PRINT)
   Title:
   --------------------------------------------------------------------------
   Dated:
   --------------------------------------------------------------------------

   NOTE: DO NOT SEND CERTIFICATES FOR INITIAL NOTES WITH THIS FORM.
         CERTIFICATES FOR INITIAL NOTES SHOULD ONLY BE SENT WITH YOUR LETTER
         OF TRANSMITTAL.

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