| Business Summary | | Pelican
Properties
International
Corp.
owns
and
operates
three
full-service
hotels
with
food
service
and
banquet
facilities.
These
include
the
Ramada
Plaza
City
Center
Hotel
(formerly
known
as
McLure
House
Hotel
and
Conference
Center)
in
Wheeling,
West
Virginia,
the
Palmer
Inn
in
Princeton,
New
Jersey
and
the
Chamberlin
Hotel
in
Hampton,
Virginia.
The
Company
derives
substantially
all
of
its
revenue
from
the
operations
of
the
three
hotels.
The
Ramada
Plaza
City
Center,
built
in
1852,
has
170
guestrooms,
inclusive
of
one-
and
two-bedroom
suites,
a
VIP
executive
floor,
27
apartments
and
a
full-service
attached
parking
garage.
The
Best
Western
Palmer
Inn
has
106
guestrooms,
inclusive
of
deluxe
rooms,
suites
and
efficiencies
that
are
equipped
for
extended
stays.
The
Chamberlin
Hotel
has
185
rooms,
a
banquet
room,
a
large
meeting
space,
indoor
and
outdoor
pools,
a
business
center
with
computer
stations,
fax
and
copier
equipment
and
a
full-service
restaurant
and
bar. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pelican
Properties
International
is
primarily
engaged
in
the
ownership
and
management
of
three
hotels,
located
in
Princeton,
New
Jersey,
Wheeling,
West
Virginia
and
Hampton,
Virginia.
For
the
six
months
ended
6/30/01,
revenues
fell
10%
to
$3.4
million.
Net
loss
increased
4%
to
$463
thousand.
Revenues
reflect
lower
rooms
revenue
due
to
severe
winter
weather.
Loss
was
partially
offset
by
lower
engineering
and
corporate
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| C. John Knorr, Jr., 55 Chairman | $78K | Nathan Roesing, 33 COO | 136K | 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
|
|