ARLINGTON HEIGHTS, IL— Arlington Hospitality announced that its AmeriHost Inns posted a decline in same room RevPAR versus last year, as well as a drop in occupancy and ADR. Same room RevPAR for AmeriHost Inn hotels, in which the company has an ownership interest, decreased 3.2 % to $22.71 for the month of January 2003 compared to January 2002, as occupancy decreased 1.4% to 42.2%, and average daily rate decreased 1.8% to $53.79. Arlington attributed much of the decline to reduced corporate travel, concerns over the economy, and the possibility of war in Iraq. In addition, the company announced the opening of two newly constructed AmeriHost Inns in Willows, CA, and DeWitt, MI. As part of its hotel development strategy, Arlington sells existing Amerihost Inn hotels. The company sold two units, one of which was the newly opened property in Willows, CA, during January and February 2003. Arlington expects these sales to generate first quarter 2003 revenue of approximately $6.5 million, and the reduction of debt of approximately $4.2 million.
