ROCHESTER, NY Hudson Hotels Corp., a limited-service hotel development and management company based here, reported that its first quarter 2001 results showed improvement over figures from the same period in 2000. The company s revenues increased slightly to $12.1 million from $11.8 million in the first quarter of 2000. Comparable rooms sales for company owned hotels increased to $9.78 million from $9.43 million and EBITDA increased to approximately $3.6 million in the first quarter 2001 from $3.0 million in 1Q 2000.
Furthermore, the company s first quarter net loss decreased dramatically to $354,900 or $0.14 per share from $1,938,989 or $0.91 per share in 2000, as the company continues to benefit from its restructuring plan. (5/14/01)