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Janus Hotels Buying Back 1.4 Mil Shares

BOCA RATON, FL-The locally based company posted a 181% increase in net losses and a 10.6% decrease in total revenue for the second quarter ended June 30. The firm owns and operates 14 hotels.

By David R. Corder | Updated on October 08, 2001

BOCA RATON, FL-Janus Hotels & Resorts Inc. is expanding an existing plan to repurchase one million shares of the company’s outstanding common stock. The locally based company can repurchase of up to 1.4 million shares either on the open market or through private block transactions, according to its directors who authorized the strategy Oct. 5.

Announcement of the buyback comes as shares in the company last traded up six cents on Oct. 4 at $1.22 each on volume of 1,200. The issue has traded as high as $3.63 and as low as $1.05 over the past 52 weeks. Janus owns and operates 14 hotels.

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