MCLEAN, Va., Oct. 24 /PRNewswire-FirstCall/ -- Highland Hospitality Corporation reported today that its Barcelo Tucancun Beach Resort, located in Cancun, Mexico has sustained wind and flood damage from Hurricane Wilma over the weekend. While Highland and Barcelo officials continue to assess the damage, early reports indicate that limited structural damage to the hotel has occurred. Consequently, the hotel is currently closed while a more thorough assessment is given to the damage and the safety related issues. The insurance providers have been contacted and the claims process is currently underway. The Company will provide more information as it becomes available.
Highland Hospitality is appreciative of the efforts of the hotel staff who successfully evacuated the hotel prior to the hurricane's arrival. The Company is also pleased to report that no guests or hotel employees were injured during the storm.
Highland Hospitality Corporation is a self-advised lodging real estate investment trust, or REIT, focused on hotel investments primarily in the United States. The Company currently owns 20 hotel properties with an aggregate of 5,885 rooms in eleven states and Mexico. Additional information can be found on the Company's website at http://www.highlandhospitality.com/.
Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. When we use the words "will likely result," " may," "anticipate," "estimate," "should," "expect," "believe," "intend," or similar expressions, we intend to identify forward-looking statements. Such forward- looking statements include, but are not limited to, the impact of the transaction on our business and future financial condition, our business and investment strategy, our understanding of our competition and current market trends and opportunities and projected capital expenditures. Such statements are subject to numerous assumptions and uncertainties, many of which are outside Highland Hospitality Corporation's control. The company undertakes no obligation to publicly release the result of any revisions to these forward- looking statements that may be made to reflect any future events or circumstances.
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