EXHIBIT 99.1
[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 JANUARY 2004 RESULTS;
UPDATED SALES/DEVELOPMENT ACTIVITY
ARLINGTON HEIGHTS, Ill., February 24, 2004--Arlington Hospitality, Inc.
(Nasdaq/NM: HOST), a hotel development and management company, today announced
January 2004 same-room operating results for the AmeriHost Inn hotels in which
the company has an ownership interest. The January 2004 same-room results
include 54 AmeriHost Inn hotels which have been opened for at least 13 months.
Same-room revenue per available room (RevPAR) in January 2004 increased
1.4 percent to $22.64, compared to January 2003. Occupancy decreased 0.5 percent
to 41.5 percent, and average daily rate (ADR) increased 1.8 percent to $54.55.
<Table>
<Caption>
One Month Ended Twelve Months Ended
January 31 January 31
---------- ----------
Occupancy - 2004 41.5% 56.7%
Occupancy - 2003 41.7% 56.7%
Increase (decrease) (0.5%) 0.0%
Average Daily Rate - 2004 $54.55 $57.21
Average Daily Rate - 2003 $53.58 $57.19
Increase (decrease) 1.8% 0.0%
RevPAR - 2004 $22.64 $32.45
RevPAR - 2003 $22.32 $32.43
Increase (decrease) 1.4% 0.0%
</Table>
According to Smith Travel Research, preliminary results for January
2004 indicate that RevPAR for the midscale without food and beverage segment of
the lodging industry will improve between 3 and 5 percent, compared to January
2003.
- more -
Arlington Hospitality
Page 2
SALES/DEVELOPMENT ACTIVITY
The company did not sell any hotels since its last sales development
update. Currently, the company has four 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.
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 103-property
mid-market, limited-service hotel brand owned and presently franchised in 22
states and Canada by Cendant Corporation (NYSE: CD). Currently, Arlington
Hospitality, Inc. owns or manages 64 properties in 17 states, including 57
AmeriHost Inn hotels, for a total of 4,655 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-Q for the quarter ended September 30, 2003
under the section headed "Management's Discussion and Analysis of Financial
Condition and Results of Operations-Factors Affecting Future Performance."