Arlington Hospitality owns 52 AmeriHost properties and six otherassets, totaling 4,221 rooms in 15 states. It also is buildingadditional AmeriHost Inn & Suites hotels, using proceeds fromsales of older properties to help finance the building. The companyhas sold seven hotels this year, including three in June, withanother five under contract. Those sales are expected to closelater this year.

However, the company also operates 21 properties owned by PMCCommercial Trust, paying rent under a master lease. ArlingtonHospitality is trying to restructure that master lease, and PMCCommercial Trust already has deferred $349,000 in lease paymentsdue in the second quarter. PMC Commercial Trust recently agreed todefer another $85,000 due this month, but Arlington Hospitalitymust begin repaying that debt in August.

Locally, Houlihan Lokey Howard & Zukin advised steelproducer Arcelor International America on its $55-million sale ofits J&F Steel subsidiary to Chicago-based Ryerson Tull,Inc.