-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, I/KzPw3c9nN8M1blZaD7RyK+HYQ5OZhoftcCxLAe4IK8s2JnqAjKP5ybmjBCedjR 0M63cB29kvpLHIGgrOvShA== 0000950133-04-003303.txt : 20040820 0000950133-04-003303.hdr.sgml : 20040820 20040820154403 ACCESSION NUMBER: 0000950133-04-003303 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040817 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040820 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MERISTAR HOSPITALITY CORP CENTRAL INDEX KEY: 0001012967 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 752648842 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11903 FILM NUMBER: 04988994 BUSINESS ADDRESS: STREET 1: 4501 N. FAIRFAX DRIVE CITY: ARLINGTON STATE: VA ZIP: 22203 BUSINESS PHONE: 7038127200 MAIL ADDRESS: STREET 1: 4501 N. FAIRFAX DRIVE CITY: ARLINGTON STATE: VA ZIP: 22203 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN GENERAL HOSPITALITY CORP DATE OF NAME CHANGE: 19960428 8-K 1 w00905ae8vk.htm FORM 8-K e8vk
 



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 17, 2004

MERISTAR HOSPITALITY CORPORATION

(Exact name of registrant as specified in its charter)

1-11903
(Commission File Number)

     
MARYLAND
(State or other jurisdiction
of incorporation)
  72-2648842
(I.R.S. Employer
Identification No.)

4501 NORTH FAIRFAX DRIVE
ARLINGTON, VIRGINIA 22203

(Address of principal executive offices)

Registrant’s telephone number, including area code: (703) 812-7200



 


 

ITEM 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE

     On August 17, 2004, MeriStar Hospitality Corporation issued a press release concerning the effect of hurricane Charley on its Florida properties. The press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this item.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

     
Exhibit
  Description
99.1
  Press Release, dated as of August 17, 2004.

 


 

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MERISTAR HOSPITALITY CORPORATION

       
 
By:
  /s/ Jerome J. Kraisinger

Jerome J. Kraisinger
Executive Vice President, Secretary and General Counsel

Date: August 20, 2004

 

EX-99.1 2 w00905aexv99w1.htm EXHIBIT 99.1 exv99w1
 

     
For Immediate Release
   
Contact:
   
Bruce Riggins
  Jerry Daly or Carol McCune
VP, Strategic Planning & Analysis
  Daly Gray Public Relations (Media)
(703) 812-7223
  (703) 435-6293

MeriStar Hospitality Reports on Hurricane Charley Impact to Florida Properties

No Material Impact Expected on 2004 Earnings

     ARLINGTON, Va., August 17, 2004—MeriStar Hospitality Corporation (NYSE: MHX), one of the nation’s largest hotel real estate investment trusts (REIT), today said that its properties on Florida’s Captiva and Sanibel Islands were affected to varying degrees by Hurricane Charley. “While it is too early to fully estimate the extent of the damage, our initial assessment suggests that there was not a significant amount of structural damage to the facilities, but the landscaping damage was extensive on Captiva Island,” said Paul W. Whetsell, MeriStar’s chairman and chief executive officer. “We are working with our insurance carriers and proceeding with reopening the properties as soon as possible.

     “The hotels’ staff handled the evacuation of all guests and associates smoothly, and we are thankful that no one was injured at our properties,” Whetsell said. “I visited the area over the weekend, and given the extensive property damage in close-by communities, we were indeed very fortunate.”

     Company officials said all of the properties were insured, with both property and business interruption coverage in place. The company said it does not expect the hurricane to have a material impact on the company’s third-quarter and full-year 2004 earnings, and accordingly it has not adjusted its earnings guidance for the third quarter or the full year.

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MeriStar Hospitality
Page 2

     Arlington, Va.-based MeriStar Hospitality Corporation owns 77 principally upscale, full-service hotels in major markets and resort locations with 21,619 rooms in 22 states, and the District of Columbia. The company owns hotels under such internationally known brands as Hilton, Sheraton, Marriott, Ritz-Carlton, Westin, Doubletree and Radisson. For more information about MeriStar Hospitality Corporation, visit the company’s Web site:

www.meristar.com.

     This press release contains forward-looking statements about MeriStar Hospitality Corporation, including those statements regarding future operating results, the timing and composition of revenues, expected levels of capital expenditures, and expected proceeds from asset sales, among others. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Factors which could have a material adverse effect on our operations and future prospects include but are not limited to: economic conditions generally and the real estate market specifically; the effect of threats of terrorism and increased security precautions on travel patterns and demand for hotels; the threatened or actual outbreak of hostilities and international political instability; governmental actions; legislative/regulatory changes, including changes to laws governing the taxation of REITs; level of proceeds from asset sales; cash available for capital expenditures; the availability of capital; our ability to refinance debt; rising interest rates; rising insurance premiums; competition; supply and demand for hotel rooms in our current and proposed market areas; other factors that may influence the travel industry, including health, safety and economic factors; and changes in generally accepted accounting principles, policies and guidelines applicable to REITs. Additional risks are discussed in the company’s filings with the Securities and Exchange Commission. Although the company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. These statements are made as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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