IPO Profile

MHI Hospitality
814 Capitol Landing Road Williamsburg, Virginia 23185
Tel: 757-229-5648
Web:
Ticker: MDH
Stock Exchange: New York Stock Exchange
Shares Issued: 6,000,000.00
Price Offered: $0.00
Amount Raised: $60,000,000.00

Underwriters:
BB&T; Capital Markets





Company Description:
We are a self-advised hotel investment company organized in August 2004 that intends to qualify as a real estate investment trust, or REIT, for federal income tax purposes. Following completion of this offering, we will initially own six full-service, Upper Upscale and Midscale hotels that are located in primary and secondary markets in the mid-Atlantic and Southeastern United States and are operated under well-known national hotel brands such as Hilton and Holiday Inn. We intend to pursue a growth strategy of purchasing, renovating and upbranding additional underperforming, full-service hotels while seeking to improve the operating results of our initial portfolio.