Pelican Properties Int'l

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International Guild of Hospitality & Restaurant Managers

Pelican Properties Int'l (PELP.OB)

Pelican Properties International Corp., incorporated on June 1, 1990 , owns and operates three full-service hotels with food service and banquet facilities, through its two subsidiaries: Ohio Key I, Inc. and Ohio Key II, Inc. The hotels include the Ramada Plaza City Center Hotel in Wheeling , West Virginia , the Palmer Inn in Princeton , New Jersey and the Chamberlin Hotel in Hampton , Virginia . The Company derives substantially all of its revenue from the operations of the three hotels.

The Ramada Plaza City Center , built in 1852, has 170 guestrooms, inclusive of one- and two-bedroom suites, a VIP executive floor, 27 apartments and a full-service attached parking garage. The hotel has approximately 7,500 square feet of banquet/conference space. The ground floor has several storefront tenants who offer both street and lobby access to their facilities.

The Best Western Palmer Inn has 106 guestrooms, inclusive of deluxe rooms, suites and efficiencies that are equipped for extended stays. The hotel has five meeting/banquet rooms, a business center with computer stations, fax and copier equipment, a pool and an exercise room, complete with a sauna. There is a Charlie Brown-franchised restaurant in the hotel with lobby access, for which there is a long-term lease arrangement between the hotel and the restaurant.

The Chamberlin Hotel is situated on Fort Monroe , located on the Chesapeake Bay . The hotel has 185 rooms, a banquet room, a large meeting space, indoor and outdoor pools, a business center with computer stations, fax and copier equipment and a full-service restaurant and bar.

Disclaimer:
The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly advised to obtain professional advice with qualified individuals or corporations for any investments of funds.

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