Shilo Inn's 1st Quarter RevPAR Declines 7.7%; Out Performs Most U.S. Lodging Brands / April 2002

Hotel Online Special Report

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Shilo Inn's 1st Quarter RevPAR Declines 7.7%;
Out Performs Most U.S. Lodging Brands

PORTLAND, OR - April 25, 2002 - Shilo Inns continues to out perform most of the Hospitality industry, according to 1st Quarter results released today. The well maintained and respected diversified brand of 47 limited and full service hotels and resorts recorded one of the best 1st Quarters reported in the industry with RevPAR off only 7.7%. Some publicly held hotel companies have reported declines in the range of 10% to 17% across the United States for the first quarter.

Jim McCulloch, Chief Operating Officer, states "As a privately owned company, Shilo has historically not released actual occupancy and ADR results. However, the 1st quarter results show an occupancy decline of 13.3%, with an ADR increase of 6.6%."

Shilo is actively looking for compatible acquisition candidate properties. The last acquisition was the Gresham

Shilo Inn Hotel - Gresham
2752 NE Hogan Drive
Gresham, Oregon

(OR) 200 room full service hotel in June of 2001.

Mid-month April 2002 RevPAR is trending up nicely with a modest .7% increase over 2001 which further demonstrates the customer vote of confidence enjoyed by Shilo Inns.

Shilo Inns has a large, loyal customer base, and during difficult economic times, has been able to build market share by consistently offering its guests clean, comfortable, rooms and suites, many free amenities, and friendly service all at an affordable price.

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Contact
Jim McCulloch - COO
Shilo Inns
503.641.6565

Also See	Ivan McAffee Named National Director of Sales and Marketing for Shilo Inns / March 2002
	Shilo Inns 4th Quarter Results Very Impressive; RevPar Up 8.9% for First 15 Days of February, 2002 Compared to Previous Year / Feb 2002

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