11668 capitol ave omaha ne hotels

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Report of Independent Accountants. Item 7. If the Company were required to make unanticipated major modifications to the hotels to comply with the requirements of the Americans with Disabilities Act, it could adversely affect the Company's ability to pay its obligations. In addition, the franchisors require the Company to make periodic capital improvements as a condition to keeping the franchise licenses. Both the base rent and the threshold room revenue in each lease computation are adjusted annually for changes in the Consumer Price Index "CPI".

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  • RFS HOTEL INVESTORS INC 10K Annual Report 12/31/

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    Restricted Cash. Furthermore, decisions by courts have established that third-parties may recover damages for injury caused by property contamination. Item The full service hotels produced an average RevPAR increase of If the completion of renovation projects is significantly delayed, operating results could be adversely affected.

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    11668 capitol ave omaha ne hotels
    Information about the security ownership of certain beneficial owners and management of the Company is incorporated herein by reference to the discussion under "Director and Officer Stock Ownership" and "Principal Stockholders" in the Company's Proxy Statement for the Annual Meeting of Shareholders.

    This transaction represents the cancellation of certain executory contracts some of which extended through As part of the Company's internal growth strategy, it regularly renovates, redevelops and, in certain cases, re-brands its hotels.

    It also would be subject to federal income tax including any applicable alternative minimum tax on taxable income at regular corporate rates. The REIT qualification requirements are extremely complicated, however, and interpretations of the federal income tax laws governing qualification as a REIT are limited. Under these laws, courts and government agencies have the authority to require the owner of a contaminated property to clean up the property, even if the owner did not know of or was not responsible for the contamination.

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    If RFS were to fail to qualify as a REIT in any taxable year, it would not be allowed a deduction for distributions to shareholders in computing our taxable income.

    Sunburst Street, Omaha, NE,Residential, 3 Beds, 1 Full Bath, 1 3/​4 Bath, 1 Half Bauman Avenue, Omaha, NE View 36 photos for Capitol Ave, Omaha, NE a 3 bed, 4 bath, Sq. Ft. single family home built in that sold on 10/26/ kml_href, ​kanpur-indland/ Radisson Hotel New York Midtown-Fifth Avenue OYO Hotel Good Times Element Omaha Midtown Crossing Holiday Inn Express & Suites Charlotte NE - University Area.
    The Company regularly reviews interest rate exposure on its outstanding borrowings in an effort to minimize the risk of interest rate fluctuations.

    Seventeen of the 26 limited service hotels are Hampton Inns, which the Company believes is the best upscale limited service brand.

    In addition, the franchisors require the Company to make periodic capital improvements as a condition to keeping the franchise licenses. The Board of Directors may change the debt policy at any time without shareholder approval. The following details the computation of recurring FFO in thousands except per share amounts :. Diluted earnings per share is computed by dividing net income loss applicable to common shareholders by the weighted average number of common shares and equivalents outstanding during the period.

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    RFS HOTEL INVESTORS INC 10K Annual Report 12/31/

    The decrease in real estate taxes from the sale of two hotels in the fourth quarter was offset by increases in the taxing authorities' reassessments on renovations at some of our properties. As part of the Company's internal growth strategy, it regularly renovates, redevelops and, in certain cases, re-brands its hotels. The comparable California hotels 9 of 10 hotels excluding the Hilton San Francisco Fisherman's Wharf which was undergoing renovation in experienced an average RevPAR decrease of 9.

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    The Company's interest rate risk objective is to limit the impact of interest rate fluctuations on earnings and cash flows and to lower its overall borrowing costs.

    PARK AVENUE LLC MARTHA ST. $10, CAPITOL AV. $26, COLE GS OMAHA NE LLC FORT ST GP HOTEL OMAHA LLC MEREDITH AV. Radisson Hotel New York Midtown-Fifth Avenue RedDoorz Plus near Cebu Capitol kml_href, ​times- kml_href, ​crossing-omaha- Holiday Inn Express & Suites Charlotte NE - University Area. RFS Hotel Investors, Inc.

    ("RFS" or the "Company") is a self-administered hotel Disciplined Capital Rationing. Omaha, Nebraska, 2, The room Sheraton Hotel in Clayton, Missouri, a suburb of St. Louis, Crystal Lake, IL, (2,), 1, 10,1, 11, 13, 1, 9,
    Accordingly, the hotel revenues and operating expenses for are not directly comparable towhere the Company reported only percentage lease revenue from hotels.

    The following table sets forth for the indicated periods the high and low sale prices for the Common Stock, as traded on such exchange and the dividends declared per share:.

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    Deferred Expenses. Accordingly, although the formation of the TRS Lessees allows the Company to participate in the operating income from the hotels in addition to receiving rent, that operating income is fully subject to income tax.

    Report of Independent Accountants.

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    The hotel industry is seasonal in nature. There is no litigation pending or known to be threatened against the Company or affecting any of its hotels other than claims arising in the ordinary course of business or which are not considered to be material.

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    11668 capitol ave omaha ne hotels
    Limited Service Hotels.

    This risk may be intensified because the Company's current indebtedness restricts its ability to borrow money and sell assets, even if necessary to make distributions to maintain RFS's REIT status.

    To determine whether any costs of this nature may be incurred, the Company commissioned Phase I environmental site assessments, or ESAs, before it acquired hotels. Seventeen of the 26 limited service hotels are Hampton Inns, which the Company believes is the best upscale limited service brand.

    In addition to the costs of cleanup, contamination can affect the value of a property and, therefore, an owner's ability to borrow funds using the property as collateral.

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    Restricted cash includes amounts the Company must make available for the replacement and refurbishment of furniture and equipment and amounts held in escrow by certain lenders for the payment of taxes and insurance. As with acquisitions, the Company faces competition for buyers of its hotel properties.

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    1. In addition to the ownership expenses previously borne by the Company, the Company is now subject to the risks of increased hotel operating expenses for the 53 hotels now in the Company's TRS lessee structure, including but not limited to:. Richard Reiss, Jr.

    2. The REIT qualification requirements are extremely complicated, however, and interpretations of the federal income tax laws governing qualification as a REIT are limited. For accounting purposes, this transaction represented the cancellation of executory contracts and was required to be expensed as incurred.