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SERVICO BEGINS TRADING COMMON SHARES ON THE AMERICAN STOCK EXCHANGE

 SERVICO BEGINS TRADING COMMON SHARES ON THE AMERICAN STOCK EXCHANGE
 NEW YORK, Aug. 18 /PRNewswire/ -- Servico, Inc., of West Palm Beach, Florida, today began trading on the American Stock Exchange with the common stock opening at 3-1/2 on 200 shares. The stock trades under ticker symbol "SER". Spear, Leeds & Kellogg is the company's specialist unit.
 Servico owns or manages thirty-five hotels located in fifteen states. These hotels are primarily full service, thirty of which are affiliated with nationally recognized hospitality franchises including: Hilton, Holiday Inn, Howard Johnson, Omni, Radisson, Ramada, Sheraton and Westin. With assets of $165,000,000, Servico is one of the largest hotel owner/operators in the United States.
 "We're very pleased to have been accepted for listing on the American Stock Exchange. This will enable our more than 9,000 shareholders located throughout the United States to obtain current trading information and instantaneous price quotes," said David Hawthorne, Servico's Chief Executive Officer.
 The American Stock Exchange is committed to becoming the recognized, premier marketplace for growth companies and derivative securities. By responding to listed company needs and initiating quality services, the Amex finds innovative ways to add value to the expanding community of companies and investors it serves.
 -0- 8/18/92
 /CONTACT: Paul D. Nobile of Equities Communications, 212-306-2028/
 (SER) CO: Servico, Inc. ST: Florida IN: LEI SU:


SH -- NY054 -- 1016 08/18/92 14:09 EDT
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Publication:PR Newswire
Date:Aug 18, 1992
Words:233
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