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Allied Hotel Properties Announces First Quarter 2002 Financial Results

Vancouver, B.C. – Allied Hotel Properties Inc. (“Allied”, stock symbol AHP) has reported its financial results for the three months ended March 31, 2002. Revenues were $10.2 million and gross profit was $4.6 million for the three months ending March 31, 2002, decreasing from $15.6 million and $7.5 million, respectively, from the prior year period. … Continue reading “Allied Hotel Properties Announces First Quarter 2002 Financial Results”

Allied Hotel Properties Announces 2001 Financial Results

Allied Hotel Properties Inc. (“Allied”, stock symbol AHP) has reported its financial results for the year ended December 31, 2001. Revenues were $71.1 million and gross profit was $37.4 million for the year, down from revenues of $77.1 million and gross profit of $40.6 million for the previous year. The reduction in both revenues and … Continue reading “Allied Hotel Properties Announces 2001 Financial Results”

Allied Hotel Properties Announces Sale Of Delta Vancouver Suites Hotel

Allied Hotel Properties Inc. (“Allied”, stock symbol AHP) today announced that on December 27, 2001 it sold its 65.2% interest in the Delta Vancouver Suites Hotel to its controlling shareholder, Allied Holdings Inc., for gross proceeds of $21.0 million (the “Disposition”). The purchase price for the Disposition was paid through the assumption of debt and … Continue reading “Allied Hotel Properties Announces Sale Of Delta Vancouver Suites Hotel”

Allied Hotel Properties Announces Profit For Third Quarter 2001

Vancouver, B.C. — Allied Hotel Properties Inc. (“Allied”, stock symbol AHP) has reported its financial results for the nine months ended September 30, 2001. Total revenues were $57.6 million for the nine months ending September 30, 2001, down by 3.8% from $59.9 million for the prior year period. Room revenues in the third quarter were … Continue reading “Allied Hotel Properties Announces Profit For Third Quarter 2001”

Allied Hotel Properties Announces Second Quarter 2001 Financial Results

Allied Hotel Properties Inc. (“Allied”, stock symbol AHP) has reported its financial results for the six months ended June 30, 2001. Revenues were $35.7 million and gross profit was $18.5 million for the six months ending June 30, 2001, decreasing by 2% from $36.5 million and 3% from $19.1 million, respectively, from the prior year … Continue reading “Allied Hotel Properties Announces Second Quarter 2001 Financial Results”