WestCoast Hospitality Corporation Announces Increase in Guidance for First Quarter Earnings

Apr 12, 2001, 01:00 ET from WestCoast Hospitality Corporation

    SPOKANE, Wash., April 12 /PRNewswire/ -- WestCoast Hospitality Corporation
 (NYSE:   WEH) today announced an increase in guidance for its first quarter 2001
 earnings.  Previous guidance given by the Company projected first quarter
 earnings per share to be in the $.01 to $.04 range, with net income in the
 $130 thousand to $519 thousand range.  The Company believes it will exceed
 that guidance by more than 10%.  In the first quarter of 2000, WestCoast
 Hospitality Corporation reported earnings per share of ($.01) on a net loss of
 ($147) thousand.
     WestCoast Hospitality Corporation owns, manages and franchises
 full-service hotels in 9 western states.  WestCoast Hotels are three and four
 diamond properties and focus on serving business, convention and leisure
 travelers.  WestCoast Hotels is now offering WestAwards, an exciting new
 rewards program that allows customers to earn points toward complimentary
 hotel nights, air travel, entertainment tickets, merchandise and more.
 WestCoast provides entertainment services through TicketsWest, including event
 ticketing for venues in the Western United States and Canada, and aggregates
 content for travel and entertainment that is sold in real-time at its
 www.ticketswest.com website.  TicketsWest also includes WestCoast
 Entertainment, a Broadway and special event presenting company.  G&B Real
 Estate Services is the real estate division of WestCoast Hospitality
 Corporation and owns and manages commercial and residential properties.
 Registered trademarks of WestCoast Hospitality Corporation protect the use of
 "WestCoast" and "TicketsWest" and "WestAwards."
 
     CONTACT:  Stephen Barbieri, VP, Chief Communications Officer of WestCoast
 Hospitality Corporation, 509-323-7211, or
 InvestorRelations@WestCoastHotels.com.
 
 
 

SOURCE WestCoast Hospitality Corporation
    SPOKANE, Wash., April 12 /PRNewswire/ -- WestCoast Hospitality Corporation
 (NYSE:   WEH) today announced an increase in guidance for its first quarter 2001
 earnings.  Previous guidance given by the Company projected first quarter
 earnings per share to be in the $.01 to $.04 range, with net income in the
 $130 thousand to $519 thousand range.  The Company believes it will exceed
 that guidance by more than 10%.  In the first quarter of 2000, WestCoast
 Hospitality Corporation reported earnings per share of ($.01) on a net loss of
 ($147) thousand.
     WestCoast Hospitality Corporation owns, manages and franchises
 full-service hotels in 9 western states.  WestCoast Hotels are three and four
 diamond properties and focus on serving business, convention and leisure
 travelers.  WestCoast Hotels is now offering WestAwards, an exciting new
 rewards program that allows customers to earn points toward complimentary
 hotel nights, air travel, entertainment tickets, merchandise and more.
 WestCoast provides entertainment services through TicketsWest, including event
 ticketing for venues in the Western United States and Canada, and aggregates
 content for travel and entertainment that is sold in real-time at its
 www.ticketswest.com website.  TicketsWest also includes WestCoast
 Entertainment, a Broadway and special event presenting company.  G&B Real
 Estate Services is the real estate division of WestCoast Hospitality
 Corporation and owns and manages commercial and residential properties.
 Registered trademarks of WestCoast Hospitality Corporation protect the use of
 "WestCoast" and "TicketsWest" and "WestAwards."
 
     CONTACT:  Stephen Barbieri, VP, Chief Communications Officer of WestCoast
 Hospitality Corporation, 509-323-7211, or
 InvestorRelations@WestCoastHotels.com.
 
 
 SOURCE  WestCoast Hospitality Corporation