| Business Summary | | Humphrey
Hospitality
Trust,
Inc.
is
a
real
estate
investment
trust
(REIT)
for
federal
income
tax
purposes.
The
Company,
through
its
wholly
owned
subsidiaries,
Humphrey
Hospitality
REIT
Trust
and
E&P
REIT
Trust,
owns
a
controlling
interest
in
Humphrey
Hospitality
Limited
Partnership
and
E&P
Financing
Limited
Partnership.
As
of
December
31,
2000,
the
Company
owned
an
89.84%
interest
in
Humphrey
Hospitality
Limited
Partnership.
Humphrey
Hospitality
Limited
Partnership
owns
a
99%
general
partnership
interest
and
the
Company
owns
a
1%
limited
partnership
interest
in
Solomons
Beacon
Inn
Limited
Partnership
(the
Subsidiary
Partnership).
As
of
December
31,
2000,
the
Company,
through
the
Partnerships
and
the
Subsidiary
Partnership,
owned
92
limited
service
hotels
and
one
office
building.
The
Hotels
(containing
approximately
6,400
rooms
in
19
states)
and
office
building
are
leased
to
Humphrey
Hospitality
Management,
Inc.
and
its
subsidiary,
Supertel
Hospitality
Management,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Humphrey,
through
its
subsidiaries,
owns
92
limited-service
hotels
and
one
office
building.
The
hotels,
located
in
19
states,
contain
approximately
6,400
rooms.
For
the
three
months
ended
3/31/01,
total
revenues
fell
10%
to
$6.8
million.
Net
income
fell
18%
to
$1.3
million.
Revenues
reflect
a
decrease
in
rent
payable
due
to
amended
lease
agreements.
Net
income
also
reflects
increased
S/G/A
expenses
due
to
higher
service
fees. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
8,179;
after
tax
earnings
were
733. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | |
| Position | Paul Schulte, 67 | Chairman,
CEO | James Humphrey, Jr., 58 | Vice
Chairman, Pres, COO, Treasurer | Steve Borgmann, 55 | Exec.
VP, Sec., Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|