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Home > Company Index > Leisure > Lodging > Prime Hospitality Corp.

Prime Hospitality Corp.
NYSE: PDQ
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 NEWS FROM THE WIRES
Prime Hospitality's second-quarter earnings slip
Aug 02 2001 04:46 AM PDT

Nigeria reduces duty on imported telecoms equipment
Aug 02 2001 04:46 AM PDT

Prime Hospitality cuts earnings estimates
Jul 17 2001 07:39 AM PDT

More WIRE STORIES about this company

 PROFILE
You're all invited back again to this locality to have a heaping helping of Prime Hospitality. A leader in lodging, Prime Hospitality puts out the welcome mat at some 240 hotels the company owns, manages, or franchises across 33 states. Its primary brands include AmeriSuites (a string of nearly 135 hotels with amenities such as kitchenettes and fitness rooms) and Wellesley Inn & Suites (a chain of some 70 mid-scale hotels). Prime also operates hotels under the Crowne, Hilton, Plaza, Radisson, and Sheraton names. The company has been selling some company-owned hotels (although it retains the franchise rights) in an effort to pare down debt and repurchase stock. CEO A.F. Petrocelli owns about 7% of Prime.

 COMPETITION
Interstate Hotels Corporation (IHCO)
Lodgian, Inc. (LOD)
MeriStar Hotels & Resorts, Inc. (MMH)

 DEALS
Deal: Prime Hospitality, MSI Form Technology Alliance
Date Announced: 03.08.01
Value of transaction (US $Mil): 0
Description: Prime Hospitality and MSI have created online technology to provide automated expense reports, called E-Folio, for IBM employees staying in AmeriSuite and Wellesley Inns.

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 559.90
1-Yr. Sales Growth: 1.3%
Employees: 7,750
Revenue per employee: $72,245.16

 KEY PEOPLE
• A. F. Petrocelli
    CEO
• Douglas Vicari
    CFO

 CONTACT INFO
700 Rte. 46 East
Fairfield, NJ 07004
US
Phone: 973-882-1010
Fax: 973-882-8577
Online: Web Site

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