ATLANTA-First-quarter funds from operations at Raleigh, NC-based Winston Hotels Inc. are at $7 million, up from $6.6 million. The REIT provided $1 million in mezzanine financing for a Hilton Garden Inn in Atlanta that opened in April.

ORLANDO-March's 77.8% number compared to 84.5% in March 2000 but beat the 68% national average as Central Florida hoteliers brace for soft summer bookings.

SPRINGFIELD, MA-This state's Supreme Court upheld the verdict against Western Massachusetts Life Care--which is known as Reeds Landing here--that determined that the retirement community is not allowed to claim tax-exempt status. The decision could have far-reaching implications.

LOXAHATCHEE, FL-Work is expected begin this summer on a 62,968-sf medical office building, a 3,000-sf child daycare center and facilities for 40 new hospital beds. Loxahatchee is 63 miles north of Miami.