The company has met the minimum distribution requirements for2001 REIT qualification purposes, officials say. Robert W. Boykin,chairman and chief executive officer, blames the Sept. 11 terroristattacks for the cancellation.

"As we indicated last month, the events of Sept. 11 have had amaterial effect on lodging demand, and therefore our cash flow,"Boykin says. "We intend to resume the dividend at an appropriatelevel when the outlook turns positive and when we can see trends oftangible improvement in revenues and cash flow. The board will nextaddress our dividend policy again in March 2002."

The company is a real estate investment trust that focuses onthe ownership of full-service, upscale commercial and resorthotels, with 33 hotels containing a total of 9,249 rooms located in19 states, and operating under such internationally known brands asDoubletree, Marriott, Hilton, Radisson and Embassy Suites, amongothers.