AIRCOA Hotel Partners L.P. announces first quarter results.

ENGLEWOOD, Colo.--(BUSINESS WIRE)--May 15, 1995--AIRCOA Hotel Partners L.P. (AMEX:AHT), a Denver-based master limited partnership engaged in the ownership of hotels, announced financial results for the first quarter ended March 31, 1995.

The partnership incurred a net loss of $490,000 for

the first quarter of 1995 compared to net income of $107,000 in the first quarter of 1994, including depreciation and amortization for the respective periods of $1,013,000 and $967,000. The net loss is the result of a decrease in food and beverage revenues with an increase in related expenses and an increase in interest expense.

The net loss allocable to the Class A units in the first quarter of 1995 was ($.14) based on 5,340,214 weighted average units outstanding compared to a net loss of ($0.03) in the same period of 1994.

Year-to-date operating revenues for the three months ended March 31, 1995 were $10,894,000, a decrease of $306,000, or 2.7 percent compared to operating revenues of $11,200,000 for the same period in 1994.

Comparative operating statistics for the partnership's six properties for the first quarter of 1995 vs. the first quarter of 1994 are respectively as follows: Average Occupancy - 75.7 percent and 75.3 percent; Average Daily Room Rate - $60.11 and $61.95.

On April 4, 1995 the partnership signed a commitment letter with a new lender to provide a $45 million first mortgage loan and a $1 million revolving credit line. The new financing provides long-term financing, more favorable interest rates and less restrictive covenants as compared to the existing mortgage loan.

CONTACT: AIRCOA Hotel Partners L.P., Englewood

David C. Ridgley, 303/220-2000