| Business Summary | | Meristar
Hotels
&
Resorts,
Inc.
leases,
manages
and
operates
a
portfolio
of
hospitality
properties,
and
provides
related
services
in
the
hotel,
corporate
housing,
resort,
conference
center,
golf
and
vacation
membership
markets.
The
Company's
portfolio
is
diversified
by
franchise
and
brand
affiliations.
As
of
December
31,
2000,
the
Company
leased
or
managed
216
hotels
with
47,313
rooms
in
33
states,
the
District
of
Columbia,
Canada,
Puerto
Rico
and
the
United
States
Virgin
Islands.
In
addition,
the
Company
had
approximately
3,200
apartments
under
lease
in
the
United
States,
Canada
and
the
United
Kingdom,
as
of
December
31,
2000.
BridgeStreet
Accommodations,
Inc.,
which
was
acquired
by
the
Company
on
May
31,
2000,
has
offices
in
many
markets
that
offer
significant
opportunity
for
expansion.
BridgeStreet
oversees
all
aspects
of
a
guest's
lodging
experience,
from
preparations
prior
to
the
guest's
arrival,
to
the
moving
out
process. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MMH
is
the
lessee,
manager
and
operator
of
various
hotel
assets,
including
nearly
all
of
the
hotel
assets
owned
by
Meristar
Hospitality
Corporation.
For
the
six
months
ended
6/30/01,
total
revenues
decreased
77%
to
$163.3
million.
Net
loss
totalled
$11.9
million
vs.
an
income
of
$14.9
million.
Results
reflect
an
exclusion
of
the
MeriStar
Hospitality's
operating
revenues
and
expenses
from
the
current
quarter
due
to
the
new
management
agreements
with
the
subsidiaries. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Paul Whetsell, 50 Chairman
and CEO | $213K | David McCaslin, 43 Pres | 658K | Steven Jorns, 52 Vice
Chairman | -- | James Calder, 38 CFO | 395K | John Emery, 37 CIO | 45K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|