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.
