MHI Hospitality Corporation Reports Financial Results for Second Quarter 2008 (PR Newswire)
yahoo.com     Aug 6, 2008            

Wednesday August 6, 7:30 am ET WILLIAMSBURG, Va., Aug. 6 /PRNewswire-FirstCall/ -- MHI Hospitality Corporation (Nasdaq: MDH - News ; "the Company"), a self-advised lodging real estate investment trust (REIT), today reported its consolidated results for the second quarter ended June 30, 2008. The Company also provided its business outlook for the remainder of 2008. PERFORMANCE & OPERATIONS HIGHLIGHTS: * Funds from Operations ("FFO") of approximately $0.37 per share for the quarter * Consolidated total revenue of $20.5 million * Total assets of approximately $194.1 million, versus approximately $130.7 million at second quarter 2007 * Company increases capacity on credit facility to $80.0 million * Company acquires hotel in Hampton, Virginia and refinances mortgage * Sheraton Louisville Riverside opens * Hilton Wilmington... [read full story]                    


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nwsource.com     1 hr ago   68 related          

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