Arlington Hospitality, Inc. Reports Occupancy at 54 AmeriHost Inns Drops to 41.5% in January, 2004 / February 2004

Hotel Online Special Report

advertisements
..
..

Arlington Hospitality, Inc. Reports Occupancy at 54
AmeriHost Inns Drops to 41.5% in January, 2004

ARLINGTON HEIGHTS, Ill., February 24, 2004 � Arlington Hospitality, Inc. (Nasdaq/NM: HOST), a hotel development and management company, today announced January 2004 same-room operating results for the AmeriHost Inn hotels in which the company has an ownership interest. The January 2004 same-room results include 54 AmeriHost Inn hotels which have been opened for at least 13 months.

Same-room revenue per available room (RevPAR) in January 2004 increased 1.4 percent to $22.64, compared to January 2003. Occupancy decreased 0.5 percent to 41.5 percent, and average daily rate (ADR) increased 1.8 percent to $54.55.
.

.
According to Smith Travel Research, preliminary results for January 2004 indicate that RevPAR for the midscale without food and beverage segment of the lodging industry will improve between 3 and 5 percent, compared to January 2003.

Sales/Development Activity

The company did not sell any hotels since its last sales development update. Currently, the company has four hotels under contract for sale, which are expected to be consummated within the next six months. When the company has hotels under contract for sale, even with nonrefundable cash deposits in certain cases, certain conditions to closing remain, and there can be no assurance that these sales will be consummated as anticipated.

Arlington Hospitality, Inc. is a hotel development and management company that builds,
operates and sells mid-market hotels. Arlington is the nation�s largest owner and franchisee of
AmeriHost Inn hotels, a 103-property mid-market, limited-service hotel brand owned and
presently franchised in 22 states and Canada by Cendant Corporation (NYSE: CD). Currently,
Arlington Hospitality, Inc. owns or manages 64 properties in 17 states, including 57 AmeriHost
Inn hotels, for a total of 4,655 rooms, with additional AmeriHost Inn & Suites hotels under
development.

This press release may contain forward-looking statements.

Contact:
Arlington Hospitality, Inc.
James B. Dale, Chief Financial Officer
847-228-5401 x 361
[email protected]

Also See:	Arlington Hospitality, Inc. Reports RevPAR for AmeriHost Inn Hotels Decreased 3.2% in January 2003 Compared to January 2002; Occupancy Down 1.4% to 42.2% / Feb 2003
	Arlington Hospitality, Inc. Plans to Sell 25 to 35 AmeriHost Inn Hotels Over the Next Two Years; Reports RevPAR Up 1.9% for Last 12 Months / June 2003

To search Hotel Online data base of News and Trends Go to Hotel.Online Search