EXHIBIT 99.1
[ARLINGTON HOSPITALITY, INC. LOGO]
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 APRIL 2004 RESULTS
ARLINGTON HEIGHTS, Ill., May 12, 2004--Arlington Hospitality, Inc.
(Nasdaq/NM: HOST), a hotel development and management company, today announced
April 2004 same-room operating results for the AmeriHost Inn hotels in which the
company has an ownership interest.
APRIL RESULTS
Same-room revenue per available room (RevPAR) in April 2004 increased
6.8 percent to $33.17, compared to April 2003. Occupancy increased 5.2 percent
to 59.1 percent, and average daily rate (ADR) increased 1.5 percent to $56.14.
The April 2004 same-room results include 54 AmeriHost Inn hotels, which have
been opened for at least 13 months.
One Month Four Months
Ended Ended
April 30 April 30
-------- --------
Occupancy - 2004 59.1% 51.1%
Occupancy - 2003 56.2% 50.7%
Increase (decrease) 5.2% 0.8%
Average Daily Rate - 2004 $56.14 $55.76
Average Daily Rate - 2003 $55.29 $54.70
Increase (decrease) 1.5% 1.9%
RevPAR - 2004 $33.17 $28.49
RevPAR - 2003 $31.05 $27.75
Increase (decrease) 6.8% 3.6%
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Arlington Hospitality
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According to Smith Travel Research, preliminary results for April 2004
indicate that RevPAR for the midscale without food and beverage segment of the
lodging industry will improve between 6 percent and 8 percent, compared to April
2003.
SALES/DEVELOPMENT ACTIVITY
The company did not sell any hotels during the month of April 2004 or
thus far in May 2004; however, the company currently has six 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.
As previously announced, on April 7, 2004, the 79-room AmeriHost Inn &
Suites opened in Weirton, W.Va. This hotel was constructed by Arlington for a
joint venture in which the company is a partner.
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.
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.
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Arlington Hospitality
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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 104-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 63 properties in 15 states, including 55
AmeriHost Inn hotels, for a total of 4,590 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 under
the section headed "Management's Discussion and Analysis of Financial Condition
and Results of Operations - Risk Factors."