MeriStar Hospitality Corporation Declares Second Quarter Dividend

21st Jun 2000

MeriStar Hospitality Corporation (NYSE:MHX), the nation`s third largest hotel real estate investment trust (REIT), today announced that its board of directors has declared a quarterly cash dividend of $.505 per share.
The dividend, equivalent to an annual rate of $2.02 per share, is payable July 31, 2000, to shareholders of record on July 17, 2000. Based on Tuesday`s closing stock price of $20.63, the annualized dividend yield is 9.8 percent.

Washington, D.C.-based MeriStar Hospitality Corporation owns 113 principally upscale, full-service hotels in major market and resort locations with 28,897 rooms in 27 states, the District of Columbia and Canada. The company owns hotels under such internationally known brands as Hilton, Sheraton, Marriott, Westin, Radisson and Doubletree. For more information about MeriStar Hospitality Corporation, visit the company`s web site:



Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation