MHI Hospitality Corporation Schedules First Quarter Earnings Release and Conference Call
WILLIAMSBURG, Va., April 10 -- MHI Hospitality
Corporation (Amex: MDH), announced that the company will report financial
results for the first quarter prior to the market opening on Wednesday, May
10, 2006. A conference call for investors and other interested parties is
scheduled for 10:00 a.m. Eastern Time (ET) the same day. Management will
discuss the company's first quarter results and its business outlook for
2006. The information discussed on the call will be contained in the
company's earnings release, which will be available via the MHI Hospitality
Corporation's website at http://www.mhihospitality.com located in the
section entitled Investors under Press Releases.
The conference call will be accessible by telephone and through the
Internet. Interested individuals are invited to listen to the call by
telephone at 1-888-802-2280. To participate on the webcast, log on to
http://www.mhihospitality.com or http://www.earnings.com 15 minutes before
the call to download the necessary software.
For those unable to listen to the call live, a taped rebroadcast will
be available beginning two hours after completion of the live call on May
10, 2006 through May 17, 2006. To access the rebroadcast, dial
1-888-203-1112 and request reservation number 7502547. A replay of the call
will also be available on the Internet at http://www.earnings.com or
http://www.mhihospitality.com for 30 days.
About MHI Hospitality Corporation
MHI Hospitality Corporation is a self-advised lodging REIT focused on
the acquisition, redevelopment and management of midscale and upscale full
service hotels in the mid-Atlantic and southeastern United States.
Currently, the portfolio consists of seven properties for a total of 1,673
rooms, the majority of which operate under the Hilton and Holiday Inn
brands. In addition to these seven hotels, the company has a leasehold
interest in the common area of a resort condominium property, Shell Island
Resort, with approximately 160 condominium suites owned by individual
owners. The company is listed on the Russell Microcap (TM) Index, which is
comprised of the smallest 1,000 securities in the small-cap Russell
2000(TM) Index along with the next 1,000 companies, based on a ranking of
all U.S. equities by market capitalization. More information on the company
may be found on its website at http://www.mhihospitality.com .
Forward-Looking Statements
This presentation includes "forward-looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934 and Section
27A of the Securities Act of 1933. Although the Company believes that the
expectations and assumptions reflected in the forward-looking statements
are reasonable, these statements are not guarantees of future performance
and involve certain risks, uncertainties and assumptions, which are
difficult to predict and many of which are beyond the Company's control.
Therefore, actual outcomes and results may differ materially from what is
expressed, forecasted or implied in such forward-looking statements.
General economic conditions, including the timing and magnitude of the
recovery in the hospitality industry, future acts of terrorism, risks
associated with the hotel and hospitality business, the availability of
capital, the ability of the company to acquire additional hotel properties,
the timely completion of planned hotel renovations, and other factors, may
affect the company's future results, performance and achievements. These
risks and uncertainties are described in greater detail in the company's
current and periodic filings with the Securities and Exchange Commission.
The company undertakes no obligation and does not intend to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events or otherwise. Although we believe our current
expectations to be based upon reasonable assumptions, we can give no
assurance that our expectations will be attained or that actual results
will not differ materially.
SOURCE MHI Hospitality Corporation
Web Site: http://www.mhihospitality.com
