Arlington Hospitality Announces March ’03 Results

ARLINGTON HEIGHTS, IL— Arlington Hospitality, Inc. announced March 2003 same-room revenue per available room (RevPAR) results for those hotels which have been open for at least 13 months. Same-room RevPAR for the company’s AmeriHost Inn hotels increased 1.1% to $30.61 for the month of March 2003, compared to March 2002. Occupancy increased 2.0% to 55.3%, while average daily rate (ADR) declined 0.7% to $55.35. These results compare to a Smith Travel Research forecast of a flat to 2% decrease in RevPAR for March 2003 for the mid-scale without food and beverage segment. As part of its hotel development strategy, Arlington Hospitality sells existing AmeriHost Inn hotels, as well as other branded hotels it has built. Year-to-date through March 31, Arlington has completed the sale of two wholly owned AmeriHost Inn hotels and facilitated the sale of one AmeriHost Inn hotel owned by a joint venture. The sales generated gross sales proceeds of approximately $6.5 million, of which approximately $4.2 million was used to reduce debt. The company currently has three hotels (one AmeriHost Inn hotel and two other branded hotels) under contract for sale, including hotels owned by joint ventures. These transactions are expected to be consummated during the next six months. There are 61 AmeriHost Inn hotels in which the company has an ownership interest. AmeriHost Inn is a mid-market, limited service hotel brand with approximately 100 properties located in 20 states.