| Business Summary | | Hudson
Hotels
Corporation
managed
44
hotel
properties
located
primarily
in
the
Northeast
and
Southeast
United
States
as
of
December
31,
2000.
Of
the
44
hotel
properties
under
management,
the
Company
owns
25.
These
properties
range
from
super
budget
"Microtel
Inns"
to
full-service
hotels.
The
Company
has
a
minority
equity
position,
either
as
a
general
or
a
limited
partner,
in
nine
entities
that
own
hotel
properties.
In
addition,
it
is
a
general
partner
in
Watertown
Hotel
Properties
II,
L.P.,
an
entity
that
previously
owned
a
hotel
property
and
holds
a
mortgage
upon
the
property,
representing
a
portion
of
the
sale
price
of
this
property,
and
in
Microtel
Partners
-
1995,
L.P.,
which
owns
a
parcel
of
land
in
Tonawanda,
New
York. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HUDS
is
a
limited-service
hotel
development
and
management
company.
As
of
12/00,
the
Company
owned
25
hotels
and
had
contracts
to
manage
a
total
of
44
hotels.
For
the
six
months
ended
6/30/01,
revenues
fell
3%
to
$25
million.
Net
loss
applicable
to
Common
fell
72%
to
$346
thousand.
Revenues
reflect
decreased
occupancy
and
lower
room
rates.
Lower
loss
reflects
lower
professional
fees
and
a
decrease
in
interest
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| E. Anthony Wilson, 56 Chairman,
Pres, CEO | $308K | Bruce Sahs, 56 COO,
Exec. VP | 113K | Thomas Blank, 52 Exec.
VP, Gen. Counsel | -- | Ralph Peek, 52 VP,
Treasurer, | 114K | Alan Lockwood, 48 Sec.,
Director | -- | 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
|
|