"Amerihost Properties" Changes Name to "Arlington Hospitality".Business Editors ARLINGTON HEIGHTS Arlington Heights, village (1990 pop. 75,460), Cook county, NE Ill., a residential suburb of Chicago; founded 1836, inc. 1887. Its manufactures include machinery, drugs and medical equipment, and metal fabrication. Arlington Park racetrack is there. , Ill.--(BUSINESS WIRE)--Oct. 20, 2000 Amerihost Properties, Inc. (Nasdaq/NM:HOST) today announced that it will immediately start to do business as Arlington Hospitality, Inc. The Company has already officially changed the name of its operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. from Amerihost to Arlington Hospitality. However, the parent, Amerihost Properties, Inc., will not legally change its name until the next regularly scheduled shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. , subject to shareholder approval. The Company's web site has also changed to "www.arlingtonhospitality.com." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Michael P. Holtz, "Our name change was the result of the recent sale of the AmeriHost Inn(R) hotel brand name and franchising rights to Cendant Corporation. To avoid confusion going forward as we develop the AmeriHost Inn(R) 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(R) hotels and operate under a franchise agreement with Cendant." Statements about future results made in this release may constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999 for the Company. Arlington Hospitality, Inc. is a hotel development and management company that owns, builds and manages mid-priced hotels. Currently, Arlington manages 83 properties (with an ownership position in 80 of these hotels) in 18 states, including 70 AmeriHost Inn(R)hotels, for a total of 6,322 rooms. An additional two AmeriHost Inn(R) hotels are currently under construction in Ohio. Arlington Hospitality, Inc. (formerly Amerihost Properties, Inc.) founded the AmeriHost Inn(R)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." |
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