| Business Summary | | Host
Funding,
Inc.
is
engaged
in
the
business
of
acquiring
high
quality,
limited-service
and
full
service
hotels
throughout
the
United
States,
which
are
affiliated
with
national
or
regional
hotel
chains.
Since
the
commencement
of
its
operations
and
the
acquisition
of
the
initial
hotels,
the
Company
has
formed
wholly
owned
subsidiaries
for
the
purpose
of
financing
and
owning
the
initial
hotels
and
acquiring
additional
hotel
properties.
As
of
December
31,
2000,
the
hotel
property
portfolio
of
the
Company
consisted
of
11
hotels
located
in
eight
states
consisting
of
approximately
850
rooms. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Host
Funding,
Inc.
is
a
real
estate
investment
trust
engaged
in
the
acquisition
of
limited
and
full
service
hotels
for
lease.
The
Co.
acquires
hotels
which
meet
its
criteria
and
holds
them
for
investment.
For
the
three
months
ended
3/31/01,
total
revenues
fell
25%
to
$527
thousand.
Net
loss
totaled
$3.5
million,
up
from
$457
thousand.
Results
reflect
a
decrease
in
occupancy
and
average
room
rates
and
a
$2.8
million
valuation
reserve
expense. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Robert Dixon, 31 | Chairman | C. Patterson, 59 | Pres,
CEO | Glen Fuller, 27 | COO,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|