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AMERIHOST ENTERS FLORIDA MARKET ACQUIRING HAMPTON INN

 AMERIHOST ENTERS FLORIDA MARKET ACQUIRING HAMPTON INN
 DES PLAINES, Ill., Oct. 13 /PRNewswire/ -- The 123-room Hampton Inn in Ft. Myers, Fla., has become the 52nd hotel under the management of Amerihost Properties, Inc. (NASDAQ: HOST). The company also holds a 15 percent equity interest in the hotel.
 "This acquisition is consistent with our policy of buying distressed hotels at a fraction of their original construction costs," Michael P. Holtz, Amerihost's president, said. "The Ft. Myers area, one of the fastest growing resort communities on Florida's West Coast, has recently been discovered by European vacationers who enjoy both the weather and favorable currency conversion," he added. "The healthy commercial climate in Ft. Myers is evidenced by a new Boston Red Sox winter home, a new convention center near our hotel, and plans for expansion of the Southwest Regional Airport into an international airport," Holtz noted.
 "Earlier this year, we entered the Southeast with nine hotels in Georgia. Ft. Myers is a logical extension of our penetration of the region," Holtz said. "We will update the hotel and install Amerihost management systems that stimulate increased occupancy. We see excellent growth potential for this facility through the attraction of business and tourist revenues," he concluded.
 Amerihost recently built and opened three new hotels in Ashland and Lancaster, Ohio and Plainfield, Ind. The diversified hospitality, management, development and acquisition company now manages 52 hotels in 12 states.
 -0- 10/13/92
 /CONTACT: Richard A. D'Onofrio of Amerihost Properties, Inc., 708-298-4500/
 (HOST) CO: Amerihost Properties, Inc. ST: Illinois, Florida IN: LEI SU: TNM


AH-SH -- NY016 -- 9194 10/13/92 09:59 EDT
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Publication:PR Newswire
Date:Oct 13, 1992
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