Extended Stay America, Inc. Releases 3rd Quarter, 2002 Financial Report

SPARTANBURG, S.C.–(BUSINESS WIRE)–Oct. 21, 2002–Extended Stay America, Inc. (NYSE:ESA): — Reports 49% EBITDA Margin — Expects to Increase Development Plans Extended Stay America, Inc. (NYSE:ESA), a leading provider of extended stay lodging, today reported the results of its operations for the three months and nine months ended September 30, 2002. Net income for the third … Read more Extended Stay America, Inc. Releases 3rd Quarter, 2002 Financial Report

InnSuites Hospitality Trust (IHT) Reports Fiscal 2003 First Half And Second Quarter

PHOENIX, Sept. 6 /PRNewswire-FirstCall/ — InnSuites Hospitality Trust (AMEX:IHT) Highlights: — Net loss attributable to Shares of Beneficial Interest was $112,000 or $(0.05) per diluted share for the first six months compared to a loss of $1.9 million or $(0.89) per diluted share for the prior year. — Recurring FFO for the first six months … Read more InnSuites Hospitality Trust (IHT) Reports Fiscal 2003 First Half And Second Quarter

Travelodge Hotels Inc. Announces Wags to Riches Sweepstakes

PARSIPPANY, N.J. (Sept. 20, 2002) – Travelodge Hotels Inc. today announced a national promotion designed to promote the brand’s pet-friendly image. Now through Dec. 3, consumers can enter to win a $1,000 gift certificate in the Travelodge Wags To Riches Sweepstakes. At the end of each month during the three-month sweepstakes, one randomly selected grand-prize … Read more Travelodge Hotels Inc. Announces Wags to Riches Sweepstakes

LaSalle Hotel Properties Reports Comparable FFO of $0.52 Per Diluted Share/Unit RevPAR Declines 9.5 Percent for the Quarter

BETHESDA, Md., July 22 /PRNewswire-FirstCall/ — LaSalle Hotel Properties (NYSE:LHO) today reported comparable funds from operations (FFO) of $10.0 million for the quarter ended June 30, 2002 versus $13.3 million for the second quarter of 2001. On a per diluted common share/unit basis, comparable FFO for the second quarter 2002 was $0.52 versus $0.70 a … Read more LaSalle Hotel Properties Reports Comparable FFO of $0.52 Per Diluted Share/Unit RevPAR Declines 9.5 Percent for the Quarter

Boykin Lodging's 2002 Second Quarter FFO Exceeds Forecasts

CLEVELAND, Aug. 6 /PRNewswire-FirstCall/ — Boykin Lodging Company (NYSE:BOY), a hotel real estate investment trust, today announced financial results for the second quarter and six months ended June 30, 2002. For the second quarter of 2002, funds from operations (FFO) of $10.8 million, or $0.54 per fully-diluted share, exceeded the consensus of analysts' estimates by … Read more Boykin Lodging's 2002 Second Quarter FFO Exceeds Forecasts

Innkeepers USA Trust Declares Quarterly Dividends

PALM BEACH, Fla.–(BUSINESS WIRE)–May 29, 2002–Innkeepers USA Trust (NYSE: KPA), a hotel real estate investment trust (REIT) and the nation's leading REIT owner of upscale, extended-stay hotel properties throughout the United States, today announced that its Board of Trustees has declared a common share dividend of $0.08 per share for the second quarter, the same … Read more Innkeepers USA Trust Declares Quarterly Dividends

American Skiing Company Reports Fiscal 2002 Third Quarter Results

NEWRY, Maine, June 12 /PRNewswire-FirstCall/ — American Skiing Company (BULLETIN BOARD: AESK) today announced results for its third fiscal quarter and nine months ended April 28, 2002. The Company reported a rebound in business levels following a slow start to the ski season and Olympic induced weakness in the Park City, Utah market. The Company's … Read more American Skiing Company Reports Fiscal 2002 Third Quarter Results

MeriStar Hospitality Lowers Guidance for Second-Quarter Results

WASHINGTON–(BUSINESS WIRE)–June 21, 2002–MeriStar Hospitality Corporation (NYSE: MHX), the nation's third largest hotel real estate investment trust (REIT), today announced that revenue per available room (RevPAR) and funds from operation (FFO) per diluted share results for the second quarter will be lower than the guidance the company provided in its first-quarter earnings release on May … Read more MeriStar Hospitality Lowers Guidance for Second-Quarter Results

Report – HVS Airport Trends Update: Southwestern U.S.

The airline industry experienced a year like no other during 2001. Initially, the industry was negatively impacted by the downturn in the national economy as companies began cutting back on their business travel to reduce operating costs. Crippling the industry even further were the terrorist attacks on September 11, 2001. Following these events, an immediate … Read more Report – HVS Airport Trends Update: Southwestern U.S.