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AmeriHost Properties Reports 1999 Occupancy of 55.2% for 71 AmeriHost Inn Hotels
 
DES PLAINES, Ill. - Jan. 5, 2000-- Amerihost Properties, Inc. (Nasdaq/NM: HOST) today announced that Same Room Revenue Per Available Room (�RevPAR�) for the AmeriHost Inn® hotel brand increased by 9.7% during the fourth quarter of 1999 compared to the fourth quarter of 1998. This is the direct result of a 5.1% growth in occupancy for the AmeriHost Inn® hotel brand to 55.2%, and a $2.37, or 4.4% growth in average daily rate to $56.69. These results relate to the 71 AmeriHost Inn® hotels that were open at least 13 full months as of December 31, 1999.

For the year ended December 31, 1999, Same Room RevPAR for the AmeriHost Inn® hotel brand increased by 7.1%. This is the direct result of a 2.2% growth in occupancy for the AmeriHost Inn® hotel brand to 59.1%, and a $2.57, or 4.7% growth in average daily rate, to $57.00. These results relate to the 71 AmeriHost Inn® hotels that were open at least 13 full months as of December 31, 1999.

�We are very pleased with the Same Room RevPAR results of the AmeriHost Inn® hotel brand for the quarter and year end,� said Michael P. Holtz, Chairman, President & CEO of Amerihost Properties, Inc. �We believe these strong 4th Quarter RevPAR results can be attributed to a number of factors. First, the Midwest experienced unseasonably warm weather in the fourth quarter, which we believe helped extend the historically strong 3rd quarter travel season. Second, and especially for the months of November and December, holiday travelers took extended Thanksgiving, Christmas, and New Year�s Eve weekends and stayed in hotels, rather than on the couch or in spare bedrooms of family and friends.�

Amerihost Properties, Inc. is a hotel development, operations, management and franchise company that owns, builds, manages and franchises mid-priced hotels. Currently, Amerihost manages or franchises 90 properties (with an ownership position in 84 of these hotels) in 18 states, including 77 properties within its proprietary brand - AmeriHost Inn®, for a total of 6,745 rooms.  In addition, the AmeriHost Inn® hotel brand offers an amenity package not often found in other mid-priced hotels, and is rated �three-diamond� by The American Automobile Association.

Certain statements appearing in this press release can be construed as forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements.

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Contact:
Amerihost Properties, Inc.
Paul J. Arndt, 847/298-4501 x 457
[email protected]
http://www.amerihostinn.com
 
Also See: Amerihost Properties, Inc. Credits Strong Brand Performance for 2nd Qtr Performance; Assembling Franchise Sales Staff of Seven / Aug 1999 
AmeriHost Inn® hotels Now Aboard GDS / Nov 1999 
Amerihost Properties, Inc. Now Offering a 100% Guest Guarantee Program / July 1999 

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