Arlington Hospitality executed a lease modification with PMC Commercial Trust, the owner and landlord of 20 AmeriHost Inn hotels operated by Arlington

Arlington Hospitality executed a lease modification with PMC Commercial Trust, the owner and landlord of 20 AmeriHost Inn hotels operated by Arlington

Elaine Simon

* Arlington Hospitality executed a lease modification with PMC Commercial Trust, the owner and landlord of 20 AmeriHost Inn hotels operated by Arlington. The modification provides for reduced lease payments and an accelerated exit strategy for these smaller hotels located in tertiary markets. The modification was effective Oct. 1 and provides for an immediate 19-percent reduction in the lease payments for the hotels, and the early termination of the leases upon the anticipated sale of the 20 leased hotels as AmeriHost Inns to third parties over the next four years.

Compiled by Elaine Simon, esimon@advanstar.com

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