EXHIBIT 99.2
[AH LOGO]
ARLINGTON HOSPITALITY, INC.
2355 South Arlington Heights Road - Suite 400 - Arlington Heights, IL 60005
847-228-5400 Fax: 847-228-5409 www.arlingtonhospitality.com
For Immediate Release
CONTACT: MEDIA CONTACT:
James B. Dale, Chief Financial Officer Jerry Daly or Carol McCune
847-228-5401 x 361 703-435-6293
jimdale@arlingtonhospitality.com jerry@dalygray.com
ARLINGTON HOSPITALITY, INC. ANNOUNCES MAY 2004 RESULTS;
SALE OF THREE HOTELS
ARLINGTON HEIGHTS, Ill., June 11, 2004--Arlington Hospitality, Inc.
(Nasdaq/NM: HOST), a hotel development and management company, today announced
May 2004 same-room operating results for the AmeriHost Inn hotels in which the
company has an ownership interest, and the sale of two AmeriHost Inn hotels and
one non-AmeriHost Inn hotel.
MAY RESULTS
Same-room revenue per available room (RevPAR) in May 2004 increased 3.6
percent to $34.49, compared to May 2003. Occupancy increased 4.0 percent to 60.0
percent, while average daily rate (ADR) decreased 0.5 percent to $57.45. The May
2004 same-room results include 54 AmeriHost Inn hotels, which have been opened
for at least 13 months.
<Table>
<Caption>
One Month Two Months Five Months Twelve Months
Ended Ended Ended Ended
May 31 May 31 May 31 May 31
------------- ------------ ------------- -------------
Occupancy - 2004 60.0% 59.6% 52.9% 56.6%
Occupancy - 2003 57.7% 56.9% 52.2% 56.4%
Increase (decrease) 4.0% 4.7% 1.3% 0.4%
Average Daily Rate - 2004 $ 57.45 $ 56.82 $ 56.15 $ 57.28
Average Daily Rate - 2003 $ 57.71 $ 56.54 $ 55.39 $ 56.99
Increase (decrease) (0.5%) 0.5% 1.4% 0.5%
RevPAR - 2004 $ 34.49 $ 33.84 $ 29.72 $ 32.41
RevPAR - 2003 $ 33.29 $ 32.19 $ 28.90 $ 32.13
Increase (decrease) 3.6% 5.1% 3.6% 1.1%
</Table>
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According to Smith Travel Research, preliminary results for May 2004
indicate that RevPAR for the midscale without food and beverage segment of the
lodging industry improved between 2 percent and 4 percent, compared to May 2003.
SALES/DEVELOPMENT ACTIVITY
The company sold one wholly owned AmeriHost Inn hotel in May 2004, and
another wholly owned AmeriHost Inn hotel thus far in June 2004. Also in June,
the company facilitated the sale of one unconsolidated, non-AmeriHost Inn hotel
owned by a joint venture in which the company is a partner, bringing to three
the total number of hotels sold in the 2004 second quarter.
The revenue and profit/loss from the sale of hotels, as well as the
reduction of debt, will be reported in the company's financial statements during
the quarter in which the sale transactions close.
Year to date, including these sales, the company has sold four wholly
owned AmeriHost Inn hotels and facilitated the sale of one non-AmeriHost Inn
hotel owned by a joint venture.
The company currently has seven hotels under contract for sale, which
are expected to be consummated within the next six months. When the company has
hotels under contract for sale, even with nonrefundable cash deposits in certain
cases, certain conditions to closing remain, and there can be no assurance that
these sales will be consummated as anticipated.
The sales and development activities set forth above, do not represent
guidance on, or forecasts of, the results of the company's entire consolidated
operations, which are reported on a quarterly basis.
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For more information regarding Arlington's hotels for sale and
development opportunities either on a joint venture or turnkey basis, contact
Stephen Miller, Senior Vice President - Real Estate and Business Development via
email at stevem@arlingtonhospitality.com, or by telephone at (847) 228-5401,
ext. 312.
ABOUT ARLINGTON HOSPITALITY
Arlington Hospitality, Inc. is a hotel development and management
company that builds, operates and sells mid-market hotels. Arlington is the
nation's largest owner and franchisee of AmeriHost Inn hotels, a 106-property
mid-market, limited-service hotel brand owned and presently franchised in 20
states and Canada by Cendant Corporation (NYSE: CD). Currently, Arlington
Hospitality, Inc. owns or manages 60 properties in 14 states, including 54
AmeriHost Inn hotels, for a total of 4,344 rooms, with additional AmeriHost Inn
& Suites hotels under development.
This press release may contain forward-looking statements.
Forward-looking statements are statements that are not historical, including
statements regarding management's intentions, beliefs, expectations,
representations, plans or predictions of the future, and are typically
identified by words such as "believe," "expect," "anticipate," "intend,"
"estimate," "may," "will," "should," and "could." There are numerous risks and
uncertainties that could cause actual results to differ materially from those
set forth in the forward-looking statements. For a discussion of these factors,
see the Company's report on Form 10-K for the year ended December 31, 2003 and
report on Form 10-Q for the three months ended March 31, 2004 under the section
headed "Management's Discussion and Analysis of Financial Condition and Results
of Operations - Risk Factors."
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