AMERIHOST FORMS EMPLOYEE LEASING SUBSIDIARY; EXPECTS TO ADD $15 MILLION TO 1992 REVENUES
AMERIHOST FORMS EMPLOYEE LEASING SUBSIDIARY;
EXPECTS TO ADD $15 MILLION TO 1992 REVENUES
CHICAGO, Feb. 11 /PRNewswire/ -- Amerihost Properties, Inc. (NASDAQ: HOST), a leader in construction, renovation and management of limited service hotels, today announced the establishment of Amerihost Staffing, Inc., a wholly owned subsidiary, which will lease employees to the facilities owned and managed by the parent company.
"This will generate revenues of about $15 million in 1992 and provide a better benefit package for the 1,250 employees at our 43 properties," Michael Holtz, president and chief executive officer, told a meeting of financial community members, here.
"For example, a small hotel with 60 rooms and 15 employees is hard- pressed to provide attractive benefits. However, as part of a much larger group, a more extensive, cost-effective program is available," he explained.
Amerihost now operates 43 properties with more than 4,500 rooms in Illinois, Indiana, Ohio, Tennessee, Georgia, Louisiana and Kentucky.
/CONTACT: Richard A. D'Onofrio of Amerihost Properties, 708-298-4500/
(HOST) CO: Amerihost Properties, Inc. ST: Illinois IN: LEI SU: SH-CK -- NY051 -- 8836 02/11/92 13:27 EST