Highland Hospitality Q1 rev. $18.7mln, net income $0.6mln, FFO $2.2mln.

• Highland Hospitality reports Q1 consolidated revenue of $18.7mln • Q1 net income at $0.6mln, or $0.01 per diluted share • Funds from operations (FFO) at $2.2mln, or $0.05 per diluted share • Earnings before interest, taxes, and depreciation (EBITDA) at $1.6mln, or $0.04 per diluted share • Consolidated total revenue increased from $18.3mln in Q1 2003 to $18.7mln in Q1 2004 • Net income increased from a loss of $0.7mln in Q1 2003 to a gain of $0.6mln in Q1 2004 • FFO increased from $2.0mln in Q1 2003 to $2.2mln in Q1 2004 • EBITDA increased from $1.5mln in Q1 2003 to $1.6mln in Q1 2004