Hudson Hotels Corporation - HUDS- Profile

Hudson Hotels Corporation develops and franchises a national chain of economy limited service lodging facilities using the service mark " Microtel". The company owns and manages hotel properties located in Northeast and Southeast United States. As of December 31, 1999, the company managed 47 hotel properties, in which 25 are owned by the company. The company offers full range of hotel management services including operations management, personnel and staffing, sales and marketing, business systems, financial management and food and beverage management to third party hotel/motel investors. Hotel operations accounted for 93% of 1999 revenues; fee income, 4%; royalties, 3% and other, nom%.