Winston Hotels Announces Date for Fourth Quarter Results and Conference Call
31 Januar 2007 - 9:58PM
Business Wire
Winston Hotels, Inc. (NYSE: WXH), today announced that the Company
will announce financial results for the fourth quarter ended
December 31, 2006 prior to the opening of the market on Thursday,
February 15, 2007. Also, on February 15th at 10 a.m. (EST) Winston
Hotels, Inc. will host a conference call to discuss the results. To
hear the call, please dial 800-288-8961. Please state that you are
dialing into the Winston Hotels, Inc. fourth quarter results call.
A replay of the call will be available for seven days after the
call by dialing 800-475-6701 access code #862043. The call can also
be accessed via the Internet live or as a replay at
www.winstonhotels.com. The conference call will be available for
replay on the Company�s web site shortly after the call and for 30
days thereafter. About the Company Winston currently owns or is
invested in 53 hotel properties in 18 states having an aggregate of
7,205 rooms. This includes 44 wholly owned properties with an
aggregate of 6,013 rooms and nine hotels in joint ventures totaling
1,192 rooms. The company�s joint venture hotels include a 41.7%
ownership interest in a joint venture that owns one hotel with 121
rooms, a 60% ownership interest in a joint venture that owns one
hotel with 138 rooms, a 49% ownership interest in a joint venture
that owns one hotel with 118 rooms, a 48.78% ownership interest in
a joint venture that owns one hotel with 147 rooms, a 13.05%
ownership interest in a joint venture that owns four hotels with an
aggregate of 545 rooms and a 0.21% ownership interest in a joint
venture that owns one hotel with 123 rooms, for which substantially
all of the profit or loss generated by the joint venture is
allocated to the company. As of September 30, 2006, the company
also had approximately $61.7 million of outstanding loans in its
loan portfolio that it originated or purchased. The company does
not hold an ownership interest in any of the hotels for which it
has provided debt financing.
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