-----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, FbFLJBlYsNvCcCk4ad+QTlheqXyWiVV/LcvM/gbgSY50ZOSS3WHG12SJBVy8NDfg KXpMBVWB/UlMzGQDMZAXnA== 0000950137-04-003049.txt : 20040422 0000950137-04-003049.hdr.sgml : 20040422 20040422110309 ACCESSION NUMBER: 0000950137-04-003049 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040421 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040422 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARLINGTON HOSPITALITY INC CENTRAL INDEX KEY: 0000778423 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 363312434 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15291 FILM NUMBER: 04747232 BUSINESS ADDRESS: STREET 1: 2355 SOUTH ARLINGTON HEIGHTS ROAD STREET 2: SUITE 400 CITY: ARLINGTON HEIGHTS STATE: IL ZIP: 60005 BUSINESS PHONE: 8472285400 MAIL ADDRESS: STREET 1: 2355 SOUTH ARLINGTON HEIGHTS ROAD STREET 2: SUITE 400 CITY: ARLINGTON HEIGHTS STATE: IL ZIP: 60005 FORMER COMPANY: FORMER CONFORMED NAME: AMERIHOST PROPERTIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: AMERICA POP INC DATE OF NAME CHANGE: 19871111 8-K 1 c84749e8vk.txt CURRENT REPORT 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) April 21, 2004 Arlington Hospitality, Inc. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Delaware - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 0-15291 36-3312434 - ------------------------ ------------------------------------ (Commission File Number) (IRS Employer Identification Number) 2355 South Arlington Heights Road, Suite 400, Arlington Heights, Illinois 60005 - ------------------------------------------------------------------------- ---------- (Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code (847) 228-5400 N/A - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE. On April 21, 2004, Arlington Hospitality, Inc. (the "Company") issued a press release announcing its March 2004 financial results and the opening of an AmeriHost Inn Hotel in Weirton, W.V. A copy of the Company's press release is attached to this current report on Form 8-K as Exhibit 99.1. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) EXHIBITS 99.1 Press Release of Arlington Hospitality, Inc. dated April 21, 2004 Announcing March 2004 Financial Results and the Opening of an AmeriHost Inn Hotel in Weirton, W.V. 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. DATE: April 21, 2004 Arlington Hospitality, Inc. (Registrant) By: /s/ Jerry H. Herman ------------------------------------- Jerry H. Herman Chief Executive Officer By: /s/ James B. Dale ------------------------------------- James B. Dale Senior Vice President and Chief Financial Officer EX-99.1 3 c84749exv99w1.txt PRESS RELEASE EXHIBIT 99.1 (ARLINGTON HOSPITALITY LETTERHEAD) 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 MARCH 2004 RESULTS; OPENS AMERIHOST INN HOTEL IN WEIRTON, W.V. ARLINGTON HEIGHTS, Ill., April 21, 2004--Arlington Hospitality, Inc. (Nasdaq/NM: HOST), a hotel development and management company, today announced March 2004 same-room operating results for the AmeriHost Inn hotels in which the company has an ownership interest. Arlington also announced the opening of a new AmeriHost Inn hotel in Weirton, W.V. MARCH RESULTS Same-room revenue per available room (RevPAR) in March 2004 increased 2.6 percent to $30.38, compared to March 2003. Occupancy increased 1.1 percent to 54.8 percent, and average daily rate (ADR) increased 1.3 percent to $55.42. The March 2004 same-room results include 54 AmeriHost Inn hotels which have been opened for at least 13 months.
One Month Three Months Ended Ended March 31 March 31 --------- ------------ Occupancy - 2004 54.8% 48.5% Occupancy - 2003 54.2% 48.9% Increase (decrease) 1.1% (0.8%) Average Daily Rate - 2004 $55.42 $55.60 Average Daily Rate - 2003 $54.70 $54.48 Increase (decrease) 1.3% 2.1% RevPAR - 2004 $30.38 $26.95 RevPAR - 2003 $29.65 $26.66 Increase (decrease) 2.6% 2.3%
- more - Arlington Hospitality Page 2 According to Smith Travel Research, preliminary results for March 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 March 2003. SALES/DEVELOPMENT ACTIVITY As previously announced, the company sold two wholly owned AmeriHost Inn hotels in March 2004, generating gross proceeds of $7.1 million, of which $3.9 million was used to payoff the related mortgage debt. 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. On April 7, 2004, the 79-room AmeriHost Inn & Suites opened in Weirton, W.V. This hotel was constructed by Arlington for a joint venture in which the company is a partner. 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. The sales and development activities and amounts 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 - more - Arlington Hospitality Page 3 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 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 17 states, including 56 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." -----END PRIVACY-ENHANCED MESSAGE-----