Company Press Release: Hudson Hotels Corporation
July 11, 2000
ROCHESTER, NY -- Hudson Hotels Corporation, (Nasdaq: HUDS; ``Hudson'' or the ``Company'') yesterday announced that
it has executed a new management contract. The contract calls for the Company to be the exclusive manager of a
Holiday Inn Express in Plano, Texas, which has just completed construction and is scheduled to open on Thursday,
July 13, 2000.
Hudson is focused on the middle market, unlike many of the larger management companies which tend to look primarily
toward managing larger full-service properties. ``It is our expertise in the middle market that gives us our competitive
advantage,'' commented E. Anthony Wilson, Chairman and Chief Executive Officer of the Company. ``This property
is a further affirmation of Hudson's ability to provide value added management services in this market.''
The 81-room Holiday Inn Express located in Plano, Texas, is owned by Atlantic Hospitality, Inc. The principals
of the company are well-known real estate developers in the Plano, Texas, area. This marks the fifth hotel which
Hudson manages in Texas, with the expectation that at least two more contracts will be signed in that state before
the end of the year.
Hudson Hotels Corporation is a Rochester, New York, based leading limited-service and middle market hotel development
and management company. Hudson manages primarily well-known national hotel brands pursuant to franchise agreements
from Marriott International, Inc., Hilton Hotels Corporation, Choice Hotels International, Inc., Red Roof Inns,
Inc., and U. S. Franchise Systems, Inc. The Company owns 25 hotels and manages a total of 46 hotels, together totaling
more than 5,100 rooms.
Except for the historical information presented in this press release, the press release includes forward looking
statements that involve risks and uncertainties including, but not limited to, quarterly fluctuations and results,
the management of growth, competition and other risks detailed in the Company's Securities and Exchange Commission
filing. Actual results may differ materially from such information as set forth herein.
SOURCE: Hudson Hotels Corporation