Innkeepers Usa (NYSE:KPA)
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From Sep 2019 to Sep 2024
Innkeepers USA Trust (NYSE: KPA), a hotel real estate
investment trust (REIT) and a leading owner of upscale extended-stay
hotel properties throughout the United States, today announced that
its Board of Trustees has declared a regular common share dividend of
$0.10 per share for the second quarter of 2005, an increase from the
previous quarterly dividend of $0.06. The board also declared a
regular dividend of $0.50 per Series C Cumulative Preferred share for
the period of April 27, 2005 to July 26, 2005.
The common and Series C preferred dividends are payable July 26,
2005, to shareholders of record on June 24, 2005.
Innkeepers USA Trust is a hotel real estate investment trust
(REIT) and a leading owner of upscale extended-stay hotel properties
throughout the United States. The company owns 68 hotels with a total
of 8,521 suites or rooms in 20 states and Washington, D.C., and
focuses on acquiring and/or developing upscale and upscale
extended-stay hotels with premium brands and the rebranding and
repositioning of other hotel properties. For more information about
Innkeepers USA Trust, visit the company's web site at
www.innkeepersusa.com.
Cautionary statements set forth in reports filed by the company
from time to time with the SEC discuss important factors impacting, or
that could impact, the company and its results or forecasted results.
These factors include, without limitation, (i) direct exposure to the
operational risks of the hotel business (including decreasing hotel
revenues and increasing hotel expenses) under the company's taxable
REIT subsidiary structure, (ii) risk that war, terrorism or similar
activities, widespread health alerts, disruption in oil imports or
higher oil prices or changes in domestic or international political
environments negatively affect the travel industry and the company,
(iii) risk that the performance and prospects of businesses and
industries that are important hotel demand generators in the company's
key markets decline (e.g., technology, automotive, aerospace), (iv)
risk that international, national, regional and/or local economic
conditions will, among other things, negatively affect demand for the
company's hotel rooms and the availability and terms of financing, (v)
risk that the company's ability to maintain its properties in
competitive condition becomes prohibitively expensive, (vi) risk that
pricing in the hotel acquisition market becomes prohibitively
expensive or non-financeable and that potential acquisitions or
developments do not perform in accordance with expectations, (vii)
changes in travel patterns or the prevailing means of commerce (i.e.,
e-commerce), (viii) the complex tax rules that the company must
satisfy to qualify as a REIT, and (ix) governmental regulation that
may increase the company's cost of doing business or otherwise
negatively effect its business or its attractiveness as an investment
and create risk of liability for non-compliance (e.g., changes in laws
affecting taxes or dividends, compliance with the Americans with
Disabilities Act, workers compensation law changes, the Sarbanes-Oxley
law, etc.).