|
CAPSTAR
WINSTON COMPANY, L.L.C.
STATEMENTS OF OPERATIONS
Years
ended December 31, 2000, 1999 and 1998
(
in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2000
|
|
1999
|
|
1998
|
|
|
|
|
|
|
|
|
|
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
Rooms
|
$
|
126,884
|
|
$
|
127,571
|
|
$
|
113,451
|
|
|
Food and
beverage
|
|
8,191
|
|
|
8,015
|
|
|
6,213
|
|
|
Telephone
and other operating departments
|
6,473
|
|
|
6,129
|
|
|
5,969
|
|
|
|
|
|
|
|
|
|
|
Total revenue
|
|
141,548
|
|
|
141,715
|
|
|
125,633
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating costs and expenses:
|
|
|
|
|
|
|
|
|
|
|
Rooms
|
|
29,202
|
|
|
29,037
|
|
|
25,573
|
|
|
Food and
beverage
|
|
5,877
|
|
|
6,091
|
|
|
4,984
|
|
|
Telephone
and other operating departments
|
3,768
|
|
|
3,300
|
|
|
2,779
|
|
|
Undistributed expenses:
|
|
|
|
|
|
|
|
|
|
|
Lease
expense
|
|
57,995
|
|
|
58,551
|
|
|
52,720
|
|
|
Administrative and general
|
|
13,259
|
|
|
13,887
|
|
|
12,345
|
|
|
Sales and
marketing
|
|
6,567
|
|
|
6,450
|
|
|
5,129
|
|
|
Franchise
fees
|
|
9,087
|
|
|
9,048
|
|
|
8,009
|
|
|
Repairs and
maintenance
|
|
6,280
|
|
|
6,433
|
|
|
5,846
|
|
|
Energy
|
|
5,781
|
|
|
5,686
|
|
|
5,069
|
|
|
Other
|
|
1,282
|
|
|
1,293
|
|
|
1,534
|
|
|
Depreciation
and amortization
|
|
1,047
|
|
|
1,052
|
|
|
1,050
|
|
|
Loss on
asset impairment
|
|
21,658
|
|
|
--
|
|
|
--
|
|
|
|
|
|
|
|
|
|
|
Total expenses
|
|
161,803
|
|
|
140,828
|
|
|
125,038
|
|
|
|
|
|
|
|
|
|
|
Net (loss) income
|
$
|
(20,255)
|
|
$
|
887
|
|
$
|
595
|
|
|
|
|
|
|
|
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|
