Americana Hotels and Realty Announces Second Quarter Financial Results.BOSTON--(BUSINESS WIRE)--Aug. 14, 1997--Americana Hotels and Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AHTC AHTC Akademischer Hockey Und Tennis Club ) today announced a second quarter loss of $94,000 or $(.01) per share compared to a loss of $56,000 or $(.01) per share in 1996. George George, river, c.345 mi (560 km) long, rising in a lake on the Quebec-Labrador boundary, E Canada. It flows N through Indian Lake (125 sq mi/324 sq km) to Ungava Bay (an arm of Hudson Strait). H. Bigelow, president of the corporation, commented that "ongoing discussions continue with respect to the sale of the corporation's final investment, The Canyon Hotel and Golf Course in Palm Springs, California Palm Springs is a famed Riverside County, California desert resort city, approximately 110 miles (177 km) east of Los Angeles and 140 miles (225 km) northeast of San Diego. As of the 2000 census, the city population was 42,807. , as well as discussions regarding the sale of the corporation. However, no contracts or letters of intent have been executed at this time."
Financial Results
Quarter Ended Six Months
June 30, June 30, June 30, June 30,
1997 1996 1997 1996
Revenues $ 199,000 $ 193,000 $ 627,000 $ 640,000
Expenses 249,000 249,000 562,000 534,000
Net Earnings (Loss) $ (94,000) $ (56,000) $ 65,000 $ 106,000
Net Earnings (Loss)
Per Share $ (.01) $ (.01) $ .01 $ .01
Average Shares
Outstanding 6,524,000 6,524,000 6,524,000 6,524,000
American Hotels and Realty Corp. is a real estate investment trust which is currently operating under a plan of disposition of assets and liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy approved by stockholders in 1988. CONTACT: American Hotels and Realty Corp. Sharon A. Zuk, 617/247-3358 |
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