| Business Summary | | RFS
Hotel
Investors,
Inc.
is
a
hotel
real
estate
investment
trust
that
owns
interests
in
60
hotels
with
8,689
rooms
located
in
24
states.
The
Company's
hotel
properties
are
classified
as
full-service
hotels,
extended-stay
hotels
and
limited-service
hotels.
The
Sheraton,
Holiday
Inn,
Independent,
Sheraton
Four
Points
and
Hilton
Doubletree
are
the
full-service
hotels
of
the
Company.
Extended-stay
hotels
are
Residence
Inn
by
Marriott
TownePlace,
Suites
by
Marriott
and
Homewood
Suites
by
Hilton.
The
limited-service
hotels
are
comprised
of
the
Hampton
Inn,
Holiday
Inn
Express,
Comfort
Inn
and
Courtyard
by
Marriott.
In
2000,
the
Company
received
66%
of
its
lease
revenue
in
five
states:
California
(37%),
Florida
(9%),
Michigan
(7%),
Texas
(7%)
and
Illinois
(6%). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RFS
is
a
self-administered
real
estate
investment
trust.
As
of
12/99,
the
Company
owned,
through
its
subsidiaries,
62
hotels
located
in
24
states.
For
the
six
months
ended
6/30/01,
total
revenues
totalled
$118.3
million,
up
from
$25.9
million.
Net
loss
applicable
to
Common
rose
46%
to
$17.6
million.
Revenues
reflect
the
inclusion
of
room
and
food/beverage
sales.
Higher
loss
reflects
the
inclusion
of
a
$65.5
million
lease
termination
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Solmson, 53 Chairman
and CEO | $480K | Robert Churchey, 40 Pres,
COO, Director | 423K | Kevin Luebbers, 34 Exec.
VP, CFO | 299K | Angie Mock, 37 Exec.
VP | 306K | Herbert Cummings, 58 VP
of Renovation and Design | 210K | 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
|
|