Arlington Hospitality, Inc. (Nasdaq/NM:
HOST) today announced the sale of its AmeriHost Inn hotel located in Battle Creek, Michigan. The
hotel will remain an AmeriHost Inn hotel as the buyer has executed a franchise agreement with
AmeriHost Franchise Systems, Inc., a subsidiary of Cendant Corporation (NYSE: CD). The terms of this
sale were not disclosed, however the Company has paid off mortgage debt in the amount of
approximately $1.7 million with proceeds from the sale of this hotel. The Company expects to include
the results of the sale in its first quarter 2003 financial statements.
In addition to the proceeds from the sale, the Company will receive continuing cash flow related to this
hotel from Cendant pursuant to the franchise royalty sharing agreement executed in connection with the
sale of the AmeriHost Inn brand name and franchising rights by the Company to Cendant in September
Arlington Hospitality sells existing AmeriHost Inn hotels as part of its hotel development strategy. For a
complete listing of all hotels for sale by the Company, please visit our web site at
www.hotelsforsaleonline.com, or contact David Harjung via email at [email protected] or
by phone at (847)228-5401 ext. 347. In addition, Arlington Hospitality provides turnkey hotel
development services for new construction hotel projects, including AmeriHost Inn hotels as well as other
hotel brands. For more information regarding turnkey development services contact Paul Eskenazi via
email at [email protected] or by phone at (847)228-5401 ext. 312.
Arlington Hospitality, Inc. is a hotel management and development company that builds, manages and
sells mid-priced hotels throughout the United States, primarily under the AmeriHost Inn brand. As of
today, Arlington Hospitality, Inc. owns or manages 71 properties in 17 states, including 61 AmeriHost
Inn hotels, for a total of 5,221 rooms, with four additional AmeriHost Inn & Suites hotels under
construction. Each hotel offers an amenity package not often found in other mid-priced hotels. For more
information about the company, please visit our web site at www.arlingtonhospitality.com.