WestCoast Hotels are three and four-diamond properties that focus on serving business, convention and leisure travelers. WestCoast Hotels now has 46 properties throughout the west, with more coming on board,' said David Bell, the company's executive vice president of development.

Earlier this month, the publicly traded company announced that it expects third quarter earnings to fall short of guidance given after the second quarter. Due to general economic weakness and the impact on travel relating to the recent terrorist activity, the company said it expects EPS to fall below the $0.30 to $0.34 range previously given. Earnings are expected to be released at the end of October.

In afternoon trading Wednesday, shares of the company stood at $6.00, off $0.14 from Tuesday's close and off $1 since trading resumed on Sept. 17 after a weeklong shutdown following the terrorist attacks. The share price's 52-week range is $4.90-$8.00.