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holiday investment property for sale overseas
News and Information Article
WILLIAMSBURG, Va., July 18 /-FirstCall/ -- MHI Hospitality
Corporation (Amex: MDH) announced today that its board of directors has
declared a quarterly dividend of $0.17 per share of common stock payable to
shareholders of record on the close of business Friday, September 15, 2006.
The dividend will be paid on Wednesday, October 11, 2006.
About MHI Hospitality Corporation
MHI Hospitality Corporation is a self-advised lodging REIT focused on
the acquisition, redevelopment and management of mid-scale and upscale full
service hotels in the mid-Atlantic and southeastern United States.
Currently, the companys 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, which has 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 Companys 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 companys future results, performance and achievements. These
risks and uncertainties are described in greater detail in the companys
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.
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