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Profile - Meristar Hotels & Resorts (NYSE:MMH)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Financials
Recent Events
Aug 31Price hit new 52-week low ($1.36)
Aug  9Conference call: MeriStar Hotels & Resorts Earnings (Q2 2001)
Aug  8Earnings Announcement
Location
1010 Wisconsin Avenue, N.W.
Washington D.C., DC 20007
Phone: (202) 965-4455
Fax: (202) 295-2187
Employees (last reported count): 27,500
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Hotels & Motels
Company Websites
 ·Home Page
 ·Investor Relations
 ·Employment
 ·Subsidiaries
 ·Yahoo! Category

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Ownership
·Insider and 5%+ Owners: 24%
·Institutional: 45% (59% of float)
(64 institutions)
·Net Inst. Buying: 540.0K shares (+3.13%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
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
Statistics at a Glance -- NYSE:MMHAs of 31-Aug-2001
Price and Volume
52-Week Low
on 31-Aug-2001
$1.36 
Recent Price$1.39 
52-Week High
on 11-Dec-2000
$3.25 
Beta0.90 
Daily Volume (3-month avg)34.7K
Daily Volume (10-day avg)28.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change-43.0%
52-Week Change
relative to S&P500
-23.5%
Share-Related Items
Market Capitalization$51.7M
Shares Outstanding37.2M
Float28.3M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$1.72 
Earnings (ttm)-$1.00 
Earnings (mrq)-$0.03 
Sales (ttm)$23.70 
Cash (mrq)$0.04 
Valuation Ratios
Price/Book (mrq)0.81 
Price/EarningsN/A 
Price/Sales (ttm)0.06 
Income Statements
Sales (ttm)$861.6M
EBITDA (ttm)-$42.0M
Income available to common (ttm)-$36.3M
Profitability
Profit Margin (ttm)-4.2%
Operating Margin (ttm)-6.3%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-11.49%
Return on Equity (ttm)-45.81%
Financial Strength
Current Ratio (mrq)0.39 
Debt/Equity (mrq)1.72 
Total Cash (mrq)$1.37M
Short Interest
As of 8-Aug-2001
Shares Short201.0K
Percent of Float0.7%
Shares Short
(Prior Month)
201.0K
Short Ratio9.57 
Daily Volume21.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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