SSR REALTY ADVISORS, INC.           EXHIBIT 99.1
10 Park Avenue
Morristown, NJ 07962                                               (SSR LOGO)
Tel 973-355-4000 Fax 973-355-4699




For Immediate Release                                   Contact: Linda Berry
                                                        973-355-4568


                     METRIC PARTNERS GROWTH SUITE INVESTORS

                         ANNOUNCES LITIGATION SETTLEMENT


MORRISTOWN, NJ November 15, 2004 -- Metric Partners Growth Suite Investors, L.P.
("GSI") today announced that it had agreed to settle all litigation and claims
between it and Kenneth E. Nelson and certain related parties. The terms of the
settlement require GSI to deposit $150,000 into court, conditioned upon either
entry of court orders permitting such deposit or, alternatively, the election of
Mr. Nelson to permit payment of the settlement funds to a court-appointed
receiver in the absence of such orders. If this condition is not met by December
15, 2004, the settlement will be null and void. If the settlement does become
effective, all pending litigation between GSI and its affiliates and Mr. Nelson
and his affiliates will be terminated and the parties will exchange general
releases of all known and unknown claims.

No party to the settlement admitted any liability to any other party and all
parties acknowledged that the settlement was entered into solely to avoid costly
and protracted litigation.

No assurance can be given that the settlement will become effective.

GSI formerly owned and operated extended stay hotel properties in several
states, but now owns no assets other than cash. It has approximately 4,000 unit
holders and its Managing General Partner is a subsidiary of SSR Realty Advisors,
Inc., a provider of real estate investment management advisory services
headquartered in Morristown, New Jersey.