EXHIBIT 99.1


THE FOLLOWING IS A JOINT PRESS RELEASE ISSUED BY SUBURBAN LODGES OF AMERICA,
INC. AND INTOWN SUITES MANAGEMENT, INC. ON JANUARY 29, 2002:

Suburban Lodges and InTown Suites Announce Proposed Merger

Business Editors

ATLANTA--(BUSINESS WIRE)--Jan. 29, 2002--Suburban Lodges of America, Inc.
(NASDAQ: SLAM) and InTown Suites Management, Inc. today jointly announced that
they have entered into a definitive merger agreement providing for the
acquisition of all of Suburban Lodges' outstanding common stock for $8.25 per
share in cash, plus a proportionate interest in a liquidating trust.

Under the terms of the agreement, Suburban Lodges and its subsidiaries will
become subsidiaries of InTown Suites.

Prior to closing of the merger, Suburban Lodges will continue with its
previously announced plan to dispose of real estate it had been holding for
future hotel development, and will transfer any remaining unsold parcels, as
well as the net cash proceeds from any such sales and certain other assets, to
the liquidating trust for the benefit of its shareholders. The trust will be
responsible for selling any assets transferred to it, and after the first
anniversary of closing, distributing any available sales proceeds to the
shareholders.

Suburban Lodges currently estimates, based on the per share cash consideration
in the merger and the value of assets and cash expected to be distributed to
shareholders through the liquidating trust, that shareholders may receive up to
$9.04 per share as total consideration for their shares. This figure is based on
Suburban Lodges' preliminary estimate that the liquidating trust will distribute
up to $0.79 per share; the actual amount distributed by the liquidating trust
will likely differ, perhaps materially, from the estimate based on market
conditions for sales of the remaining unsold land, future liabilities and other
factors.

Consummation of the merger, which is expected to occur in the second quarter of
2002, is subject to various customary conditions, including the adoption and
approval of the merger agreement by Suburban Lodges' shareholders. The
directors, an affiliate of certain directors and several executive officers of
Suburban Lodges, who in the aggregate have the power to vote approximately 29%
of Suburban Lodges' outstanding shares, have agreed to support and to vote in
favor of the merger at the shareholders' meeting.

Suburban Lodges' CEO, David Krischer, said, "Since late 1998, most small public
hotel companies, including Suburban Lodges, have been mired in a quandary of
limited growth opportunities, limited funding and stagnant stock prices. Since
the fall of 2000, we have considered numerous strategic alternatives and we are
pleased to be able to announce this transaction today which, based on our
current estimate of the cash to be received from the



liquidating trust, offers our shareholders the highest per share value on the
company's stock since the first quarter of 1999. Moreover, this announcement
ends a period of uncertainty that has been surrounding our company as we have
reviewed alternatives to maximize value for our shareholders."

David Vickers, President of InTown Suites, added, "Over the past few years,
hotel industry consolidation has proven to be a successful formula for improving
service to guests, providing additional opportunities for associates and
creating new growth opportunities. We are truly excited to join forces with two
highly regarded hotel brands."

Salomon Smith Barney is acting as sole financial advisor to Suburban Lodges.
Andersen Corporate Finance LLC is acting as sole financial advisor to InTown
Suites.

About Suburban Lodges

Suburban Lodges of America, Inc. owns, franchises and manages Suburban Lodges
hotels, including 65 Company-owned Suburban Lodge hotels with 8,587 rooms, and
franchises GuestHouse International hotels, a mid-market nightly stay hotel
chain.

About InTown Suites

InTown Suites Management, Inc. is a privately held corporation based in Atlanta,
Georgia, that develops extended stay hotels and currently owns and manages 53
hotels with more than 6,800 rooms in 13 states and 24 major cities.

Additional Information and Where to Find It

Suburban Lodges expects to file a proxy statement and other relevant documents
with the Securities and Exchange Commission (the "SEC") in connection with the
merger, and expects to mail a proxy statement to its shareholders containing
information about the merger. Investors and security holders are urged to read
the proxy statement carefully when it is available. The proxy statement will
contain important information about Suburban Lodges, InTown Suites, the merger,
the liquidating trust, the persons soliciting proxies relating to the merger,
their interests in the merger and related matters. Investors and security
holders will be able to obtain free copies of these documents through the
website maintained by the SEC at http://www.sec.gov. Free copies of the proxy
statement and these other documents may also be obtained from Suburban Lodges by
directing a request through the Investor Info portion of Suburban Lodges'
website at http://www.suburbanlodge.com or by mail to Suburban Lodges, 300
Galleria Parkway - Suite 1200, Atlanta, GA 30339, telephone: (888) 782-9752.

In addition to the proxy statement, Suburban Lodges files annual, quarterly and
special reports, proxy statements and other information with the SEC. You may
read and copy any reports, statements or other information filed by Suburban
Lodges with the SEC at the public reference facilities maintained by the SEC at
450 Fifth Street, N.W., Washington, D.C. 20549. Please call the SEC at
1-800-SEC-0330 for further information



on the public reference rooms. Suburban Lodges' filings with the SEC are also
available to the public from commercial document-retrieval services and at the
Web site maintained by the SEC at http://www.sec.gov.

Participants in the Solicitation

Suburban Lodges, its directors and executive officers may be deemed to be
participants in the solicitation of proxies from Suburban Lodges shareholders in
connection with the merger. Information about the directors and executive
officers of Suburban Lodges and their ownership of Suburban Lodges shares is set
forth in Suburban Lodges' proxy statement for its 2001 annual meeting of
shareholders and in an amendment to Schedule 13D filed with respect to Suburban
Lodges with the SEC on April 24, 2001. Investors may obtain additional
information regarding the interests of such participants by reading the proxy
statement regarding the merger with InTown Suites when it becomes available.

Forward-Looking Statements

Forward-looking statements and comments in this press release are made pursuant
to the safe harbor provisions of Section 21E of the Securities Exchange Act of
1934. Such statements relating to, among other things, events, conditions,
prospects, expectations and financial trends that may affect the transactions
discussed herein, as well as Suburban Lodges' future plans of operations and
financial position, are not guarantees of future performance and are necessarily
subject to known and unknown risks and uncertainties, some of which are
significant in scope and nature, including without limitation, the conditions to
such transactions, changes in economic conditions, financial markets or consumer
demand for extended stay and other forms of lodging, the level of competition in
the extended stay and other lodging markets, interest rates, operating
performance of Suburban Lodges' company owned hotels, future liabilities and
other factors. All forward-looking statements included in this press release are
based upon management's present expectations and the information available at
this time. Suburban Lodges does not undertake any obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or other factors.

CONTACT:          Suburban Lodges of America, Inc.
                  Paul A. Criscillis, Jr., 770/799-5000
                  or
                  InTown Suites Management, Inc.
                  Bill R. Brewer, 404/875-7910