Tempe, AZ (PRWEB) November 03, 2011
International Leisure Hosts, LTD. Declares a Special Cash Dividend
International Leisure Hosts, Ltd. (ILHL), owner and operator of Flagg Ranch Resort, a full-service resort motel and trailer park located in the John D. Rockefeller Jr. Memorial Parkway, near Grand Teton and Yellowstone National Parks, announced today that the Company’s Board of Directors has declared a special cash dividend of $1.00 per common share. The dividend will be payable November 18, 2011 to shareholders of record as of the close of business on November 11, 2011.
Robert L. Walker, Chairman of the Board at International Leisure Hosts, said “As a consequence of a recent buy down of our possessory interest in the value of our buildings and improvements at Flagg Ranch by the National Park Service, we are pleased to declare our fifth cash dividend to our shareholders.”
He went on to add that “the National Park Service has selected a successor operator for Flagg Ranch and once their contract with is finalized ILHL will have no remaining assets in Flagg Ranch. Barring any unforeseen circumstances, it is anticipated that the successor operator will take over Flagg Ranch around the end of this month.”
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