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Departing Boss Puts Dent in Arlington Portfolio

ARLINGTON HEIGHTS, IL-Arlington Hospitality, Inc. still has 43 properties, most of them AmeriHost Inns, on the market for more than $134 million. Outgoing chief executive officer Michael P. Holtz closes on AmeriHosts in Vicksburg, MS and Freeport, IL for $5.2 million, or $33,987 per room.

By Mark Ruda | Updated on December 16, 2002

ARLINGTON HEIGHTS, IL-Outgoing chief executive officer Michael P. Holtz has taken two AmeriHost Inn hotels off the hands of Arlington Hospitality, Inc. for $5.2 million. However, the company has 43 more properties on the market, with asking prices totaling $134 million, or $43,319 each for the properties’ 3,094 rooms.

All but six of the available properties are AmeriHost Inns. They range in price up to $7.9 million, which Arlington Hospitality hopes to get for its Days Inn in nearby northwest suburban Niles. Most of the portfolio is in small cities, mostly in the Midwest. Arlington Hospitality owns or manages 73 hotels, most of them AmeriHost Inns, in 17 states.

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