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AMERIHOST REPORTS RECORD SECOND QUARTER/SIX MONTHS RESULTS

 AMERIHOST REPORTS RECORD SECOND QUARTER/SIX MONTHS RESULTS
 DES PLAINES, Ill., July 22 /PRNewswire/ -- Amerihost Properties, Inc. (NASDAQ: HOST), which manages, develops and acquires limited service hotels, today reported record results for the second quarter and six months ended June 30, 1992.
 "The dramatic gains achieved during the second quarter reflect a greatly accelerated pace in all areas of the company's business -- particularly the management and construction of properties," Michael Holtz, president and chief executive officer, said.
 Second quarter net income climbed to $412,238 or 15 cents per share on 2,940,489 average shares outstanding from $17,349 or 1 cent per share on 1,667,551 average shares outstanding for the same period last year. Revenues rose to $7,286,679 from $1,436,881 for the second quarter of 1991, reflecting the substantial increase in the company's traditional businesses and the impact of operations at Amerihost Staffing, the employee leasing subsidiary established in January 1992.
 Six month net income reached $245,909 or 11 cents per share, on 2,765,068 average shares outstanding from the $52,447 or 3 cents per share on 1,654,992 average shares outstanding achieved in the first half of 1991. Sales for the half year increased to $11,797,891 from $3,650,544 for the initial six months of last year.
 "At mid-year, Amerihost was operating 52 properties with more than 5,400 rooms in 11 states versus 28 properties with 2,706 rooms in three states at mid-1991," Holtz noted.
 During the second quarter we began construction of three hotels in Indiana and Ohio with a total of 184 rooms and a market value of $5.7 million. We will manage the three properties, expected to be completed late this summer. In addition, we acquired assets of Grand American Hotel Management, Inc., of Overland Park, Kan., including management contracts and consulting agreements for six hotels and a condominium complex," he explained.
 Earlier this month, Amerihost was named the first Master Developer of Hospitality Franchise Systems, the largest hotel franchiser in the world, with more than 2,500 properties under the Days Inn, Ramada and Howard Johnson trade names.
 -0- 7/22/92
 /CONTACT: Richard A. D'Onofrio of Amerihost Properties, 708-298-4500/
 (HOST) CO: Amerihost Properties Inc. ST: Illinois IN: LEI SU: ERN


KD-SH -- NY026 -- 1781 07/22/92 10:33 EDT
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Date:Jul 22, 1992
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