PORTLAND, OREGON - February 25, 2002 -  Shilo Inns continues to outperform the rest of the hotel industry, according to RevPar results released today. The well-managed and maintained chain of 47 diversified properties recorded a RevPar room revenue increase of 8.9% for mid-month February, 2002. RevPar is a common measurement of a hotel company's financial health. 

4th Quarter Results Very Impressive
 

Shilo Inns recorded the smallest revenue decline of any national hotel chain, with only a 9% drop in the 4th Quarter. This compares with most other hotel companies, which recorded revenue declines ranging from 11.8% to 75% for the fourth quarter 2001 following the September 11th terrorist attack, which seriously impacted the travel and tourism industry nationwide.  Even for the 2001 year-end final numbers, Shilo was only off 5.4% in RevPar, which is a common measurement of a hotel company's financial health. This compares with other national chains that averaged more than a 10% RevPar decline, for the entire year.  Shilo Inns has a large, loyal customer base, and during tough economic times, has been able to build additional market share by consistently offering its guests clean, comfortable, rooms and

Mark Hemstreet Shilo Inns

Shilo continues to live up to its motto of providing "Affordable Excellence" to the traveling public. Shilo is planning to continue to expand its operations through acquisition opportunities and by offering selective franchising contracts to other qualified, dedicated hoteliers.

Shilo Inns offers four affordable brand segments, including limited service Inns and Suites, as well as full service Hotels, and deluxe Suite Hotels. All offer clean, comfortable accommodations, a number of free amenities, and friendly service, all at an affordable price � living up to Shilo�s motto of offering �Affordable Excellence.�

Recently, Shilo Inns has begun offering franchising opportunities to select qualified and dedicated hoteliers, who share Shilo's legendary commitment to offering �Affordable Excellence� in hospitality.