San Francisco, CA, October 24, 2002 � Two new regional lodging reports are now available for distribution, PKF Consulting announced today.  The reports are the Texas Hotel Industry Report � 2002 and the Southern California Lodging Forecast � 2003.  These reports join the firm�s 2002 edition of Trends in the Hotel Industry-USA, the national report of financial and operating data based on year-end 2001 financial reports from over 3,900 lodging properties throughout the US.  All three publications are available through the firm�s website at www.pkfc.com

The Texas Hotel Industry Report - 2002 provides estimates of market performance for 2002 and projections for 2003 for the five major hotel markets in Texas: Dallas, Fort Worth, Houston, Austin, and San Antonio.  Each major market is divided into submarkets � seven for Dallas, three for Ft. Worth, 14 for Houston, four for Austin, and five for San Antonio.  The report also presents, by submarket, occupied rooms vs. available rooms; RevPAR vs. average daily rates, and annual occupancies, 1997 through projections for 2003.  Also included are analyses of property types and market segmentation for each submarket.  56 pages. US $250.00  Go to www.pkfc.com, click on �Publications & Data�, then on �Other Publications.�

The Southern California Lodging Forecast � 2003 provides historical market performance and future projections for major markets in Southern California: Los Angeles, Orange County, San Diego, Ventura, Santa Barbara, Ontario, and the Coachella Valley. New to this year's forecast is the inclusion of the Coastal Resort market, including hotels on the Southern California coast from Santa Barbara to San Diego. Each market, along with its various submarkets, is discussed in detail. Includes estimates of growth in available and occupied rooms and comments on trends in each of these submarkets. Historical tables show market performance 1997-2001, plus estimates for 2002 and projections for 2003.  68 pages.  US $250.00.  Go to www.pkfc.com, click on �Publications & Data�, then on �Other Publications.�

Produced by the Hospitality Research Group, the research affiliate of PKF Consulting, the 66th annual edition of Trends in the Hotel Industry-USA for 2002 is available in both hard copy and downloadable electronic format.  The145-page printed edition presents financial performance of US hotels in five categories: full-service, limited-service, convention, resort, and all-suite hotels, using year-end 2001 numbers.   Also contains reports on the state of hotels in 21 major markets. These newly designed �City Reports� include economic and demographic data, plus number of hotels, number of rooms, and brand/rank tables for the largest full-service and limited service brands in each market. Includes analysis of key industry issues.  Electronic version presents all the financial tables found in the printed edition and includes our new search tool that lays out all the pertinent data needed to evaluate a hotel in a quick and easy-to-read format. Those purchasing the electronic version will be mailed the printed edition, which contains the essays and eco-demo information, at no extra charge. 146 pages.  US $275.00.  Go to www.pkfc.com, click on �Publications & Data�, then on �Trends.�

For further information, contact Gary Carr at PKF Consulting � (415) 421-5378 or Robert Mandelbaum at The Hospitality Research Group � (404) 842-1150.

PKF Consulting is an international consulting and real estate firm specializing in the hospitality industry.  The Hospitality Research Group, based in Atlanta, is its research affiliate.  PKF Consulting and HRG, along with the PKF Consulting Capital Markets Group, are wholly owned subsidiaries of Hospitality Asset Advisors International, a U.S. Corporation.  HAA International has offices in New York, Boston, Philadelphia, Washington DC, Atlanta, Houston, Dallas, Los Angeles, San Francisco, and Singapore.