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TABLE OF CONTENTS:
Page 49 of 52   < Back   Next>  
1. Organization
2. Summary Of Significant Accounting Policies
3. Intangible Assets
4. Management Agreements
 
5. Transactions With related Parties
6. Commitments
7. Business Concentration

 

7. Business Concentration:

    Winston owns 100% of 47 of the Company’s leased hotels and 49% of one of the Company’s leased hotels. Therefore, the Company’s financial position and results of operations would be adversely and materially impacted if Winston sells the hotels and terminates the leases. Management believes that Winston has no intention of selling hotels which would, individually or in the aggregate, have a material impact on the operations of the Company.

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