On the other hand, it is expanding its Country Hearth brand and opening more than six Country Hearth Inns in the Southeast this quarter, with plans to add properties throughout the year.
It also expects to report a profit during the second half of 2001, Bill Bausser, the firm's senior vice president/administration, tells GlobeSt.com. In 1999, Buckhead America reported a net income of $1.7 million, or 61 cents per share. Total revenue was $32.3 million.
Buckhead America recently changed the management team at Lodge Keeper Group and moved some of that division's operations to Atlanta. The company is evaluating whether it will move all of that division to its headquarters, Bausser tells GlobeSt.com. Buckhead owns and manages about 40 of the 56 Country Hearth Inns operating in the Southeast, Midwest and Texas. The company also manages five outside-owned Country Hearth properties.
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