The locally based firm, which is relocating from headquarters in Fort Lauderdale to Spartanburg, SC, is reporting an adjusted net gain of 23 cents per share, a penny more than the market forecast, which matches the EPS the company reported for the same period in 2000.

Including income taxes, cost of an extraordinary item and cumulative effect of accounting charges, the company is reporting a net income gain of $12.98 million, or 14 cents per share, on revenue of $145.7 million for the three-month period, compared with net of $22.7 million, or 23 cents per share, on total revenue of $142.2 million for the same period in 2000.

Announcement of the earnings report comes as the company closed the quarter ended Sept. 30 with a 77% overall average occupancy rate--an 8.5% decrease from the rate reported for the same period in 2000. Revenue per available room also dropped 6.9% for the quarter.