ATLANTA Suburban Lodges of America reported that March weekly RevPAR for all company-owned hotels increased 4% in 2001 to $161.82 from $155.39 in March 2000. Average occupancy rates for company-owned hotels increased 3%, to 81% in March 2001 and the Average Weekly Rate (AWR) at company-owned hotels was $201.09 in March 2001, a 1% increase over March 2000.
Chuck Criscillis, CFO/Suburban, commented that the increases were in line with the company s expectations for March. (4/9/01)