| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Cavanaughs Hospitality Corporation |
| 201 W. North River Drive, Suite 100, Spokane, WA 99201 * (509) 459-6100 |
| The company is a hotel operating company that owns, operates, acquires, develops, renovates and repositions full service hotels throughout the Northwest under its proprietary brand name, "Cavanaughs". |
| Manager | Tier | Phone |
| CIBC Oppenheimer & Company | Lead Manager | (212) 667-7400 |
| Nationsbanc Montgomery Securities, Inc. | Co-manager | (415) 627-2100 |
| NYSE: | CVH | Service: | SIC 7011 | |
| Type of Shares: | Common Shares | Filing Date: | 1/20/98 | |
| U.S. Shares: | 5,175,000 | Offer Date: | 4/2/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 5,175,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.05 | |
| Offering Amount: | $67,275,000 | Selling: | $0.64 | |
| Expenses: | $0 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 12,270,251 | |||
| Employees: | 1900 |
| Issuer's Law Firm: | Kaye, Scholer, Fierman, Hays & Handler |
| Bank's Law Firm: | Rogers & Wells |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Coopers & Lybrand |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 10/31/97 | 10/31/97 | ||||
| Revenue: | $52.04 | Assets: | $124.45 | ||
| Net Income: | $1.81 | Curr Assets: | $10.81 | ||
| EPS: | $0.26 | Liabilities: | $115.02 | ||
| Prior EPS: | Curr Liab: | $13.58 | |||
| Cash Flow/Oper: | $6.61 | Equity: | $9.42 | ||
| Cash Flow/Fin: | -$1.10 | Cash: | $6.44 | ||
| Cash Flow/Inv: | -$6.27 | Working Cap: | -$2.77 | ||
| Business Plan |
| The Company is presently seeking growth opportunities in markets located throughout the Northwest. The Company will consider the following factors in evaluating acquisitions, conversions and redevelopments, construction of new hotels and expansion of existing hotels: (i) the location of the property, (ii) the construction quality, condition and design of the property, (iii) the current and projected REVPAR, ADR and occupancy of the property and the anticipated ability of the Company to increase REVPAR, ADR and occupancy through management of the property by the Company and (iv) the potential for economic growth in the communities in which the hotels are located. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain indebtedness, including indebtedness incurred with respect to certain acquisitions, and for general corporate purposes. |