"Amerihost Properties" Changes Name to "Arlington Hospitality"; Board of Directors Approves Stock Buyback.

Business Editors

ARLINGTON HEIGHTS, Ill.--(BUSINESS WIRE)--May 24, 2001

Amerihost Properties, Inc. (Nasdaq/NM:HOST) today announced that it has officially changed its name to Arlington Hospitality, Inc. At its annual shareholder's meeting held today, the decision to change the name of the Company to Arlington Hospitality, Inc. was overwhelmingly approved by the shareholders.

According to President and CEO, Michael P. Holtz, "Our name change was the result of the sale of the AmeriHost Inn hotel brand name and franchising rights to Cendant Corporation late last year. To avoid confusion going forward as we develop the AmeriHost Inn brand with Cendant, and as part of our agreement with Cendant, we have changed our name to Arlington Hospitality, Inc. Our symbol on Nasdaq: HOST will remain the same. In addition, the names of our hotels will remain as AmeriHost Inn hotels and operate under a franchise agreement with Cendant."

In addition, the Board of Directors recently approved a stock buyback of up to 1,000,000 shares of its stock. According to James B. Dale, Chief Financial Officer, "We are again in the market to repurchase shares of stock of the Company in accordance with the financial parameters outlined by our Board. As cash flow permits, and pricing remains soft, we see no better return to our shareholders than to buy back shares of Arlington Hospitality, Inc."

Statements about future results made in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and the current economic environment. These statements are not guarantees of future performance. They involve a number of risks and uncertainties that are difficult to predict. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important assumptions and other important factors that could cause results to differ materially from those in the forward-looking statements are specified in the Form 10-K for the year ended December 31, 2000 for the Company.

Arlington Hospitality, Inc. is a hotel development and management company that owns, builds and manages mid-priced hotels. Currently, Arlington manages 79 properties (with an ownership position in 77 of these hotels) in 18 states, including 68 AmeriHost Inn hotels, for a total of 5,767 rooms. An additional five AmeriHost Inn hotels are currently under construction in Ohio, Wisconsin, California, Michigan and Iowa. Arlington Hospitality, Inc. (formerly Amerihost Properties, Inc.) founded the AmeriHost Inn hotel brand in 1989, and in September 2000, sold the brand and its franchising rights to Cendant Corporation. Additional information about the Company can be found at its web site: "www.arlingtonhospitality.com."