WASHINGTON, DC-MeriStar Hospitalilty Corporation’s REIT investors are enjoying and an annualized yield of 10.4%, according to information released by its board of directors. The nation’s third largest hotel REIT, MeriStar officials say its board of directors is declaring a quarterly cash dividend of $.505 per share.

Equivalent to an annual rate of $2.02 per share, the dividend is payable Jan. 31, 2001, to shareholders of record on Dec. 29. Dividends declared in 2000, including dividends payable in January 2001, are considered 2000 taxable income, company officials caution. Based on the Dec. 18 closing stock price of $19.38, the annualized dividend yield is 10.4%.

MeriStar Hospitality Corporation owns 114 principally upscale, full-service hotels in major market and resort locations with 29,090 rooms in 27 states, the District of Columbia and Canada. The company owns hotels under such internationally known brands as Hilton, Sheraton, Marriott, Westin, Radisson and Doubletree.

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