Westcoast Hotels Issues Warning

Sat., Sept. 30, 2000

From Staff

Spokane-based WestCoast Hospitality Corp. said Friday that its third-quarter earnings are expected to decline 10 to 15 percent from year-ago earnings of 31 cents per share.

The company, which owns, manages and franchises hotels in nine Western states, said in a statement the earnings decline was “due to continued integration and rebranding costs, increased interest, provisions for tax rates and amortization of the WestCoast Hotels acquisition.

The company also operates a computerized ticketing service and manages and leases property.

On Friday WestCoast shares closed down 19 cents at $6, matching the stock’s 52-week low.

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Westcoast Hotels Issues Warning

Jesse Tinsley

Jim Meehan

Molly Quinn

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