JOINT FILING AGREEMENT

                                                                       EXHIBIT 4

                             JOINT FILING AGREEMENT

      In accordance with Rule 13d-1(k)(1) promulgated under the Securities
Exchange Act of 1934, the undersigned agree to the joint filing of this
Statement on Schedule 13D with respect to the Common Stock of Candlewood Hotel
Company, Inc., and further agree to the filing of this agreement as an Exhibit
thereto.


Dated: November 6, 2003




                                    OLYMPUS GROWTH FUND II, L.P.

                                    By: OGP II, L.P., its General Partner
                                          By: RSM, L.L.C., its General Partner



                                          By: /s/ Xxxxxx X. Xxxxxx
                                              ---------------------------------
                                                Name: Xxxxxx X. Xxxxxx
                                                Title: Managing Member




                                    OLYMPUS EXECUTIVE FUND, L.P.

                                    By: OEF, L.P., its General Partner
                                          By: RSM, L.L.C., its General Partner



                                          By: /s/ Xxxxxx X. Xxxxxx
                                              ---------------------------------
                                                Name: Xxxxxx X. Xxxxxx
                                                Title: Managing Member


                                    RSM, L.L.C.

                                    By: /s/ Xxxxxx X. Xxxxxx
                                        --------------------------------------
                                        Name:
                                        Title: