Jameson posted FFO of $2.58 million or 22 cents per diluted share of common stock versus $1.5 million or 13 cents in the comparable 2001 period.

"In light of the continuing difficult economy, we are pleased with the company's performance for the quarter," says Jameson CEO Tom Kitchin. "Although revenues were up only 2%, we grew funds from operations by 72%."

Combined Q4 revenue per available room for all of the company's properties was $26.83, up four cents or 0.1% from Q4 2001, largely due to a 1% increase in the average daily rate. At the same time, occupancy decreased to 44.7% from 45.1%. Jameson Inns Inc. owns/operates 96 Jameson Inns and 25 Signature Inns in 14 states.