SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C.  20459
                                 FORM 10-Q



              QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF
                   THE SECURITIES EXCHANGE ACT OF 1934


FOR QUARTER ENDED MARCH 31, 2001, COMMISSION FILE NUMBER 0-1957


                           UPTOWNER INNS, INC.
        (Exact Name of Registrant as Specified in its Charter)


West Virginia                                           55-0457171
(State or Other Jurisdiction of                        (I.R.S. Employer
Incorporation or Organization)                      Identification Number)


1415 4th Avenue, Huntington, West Virginia		25701
(Address of Principal Executive Offices)	  (Zip Code)


Registrant's Telephone Number, including area code        (304) 525-8162


Indicate by check mark whether the registrant:
     (1) has filed all reports required to be filed by Section 13 or 15(d)
of the Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file such
reports), and,
     (2) has been subject to such filing requirements for the past 90
days.


       Yes                X    No
_______                ______


Indicate the number of Shares outstanding of each of the Issuer's classes
of Common Stock, as of the close of the period covered by this report.


      Class                            Outstanding at September 30, 2000
      ______                           _______________________________

Common Stock - $.50 par value          1,583,563 shares





                                   - 1 -
<PAGE>

PART I:  FINANCIAL INFORMATION

ITEM 1: FINANCIAL STATEMENTS


                     UPTOWNER INNS, INC. AND SUBSIDIARY

                         CONSOLIDATED BALANCE SHEET

                    AT MARCH 31, 2001 and JUNE 30, 2000



                                         ASSETS

                                  March 31,         June 30,
                                    2001              2000
                                 (Unaudited)           (a)

<TABLE>
<S>                              <C>            <C>
Current Assets:
  Cash                           $    299,405   $    348,064
  Accounts and notes receivable       122,275        107,870
  Inventories                           7,284         11,966
  Prepaid expenses                     44,397         65,093

  Total current assets                473,361        532,993


Property, Plant and Equipment:
  Land                              1,480,612      1,480,612
  Building and improvements        10,575,642     10,554,474
  Furniture and equipment           2,838,256      2,729,398


  Less accumulated
  depreciation
  and amortization                  4,734,232      4,407,744

  Property, plant and
  equipment - net                  10,160,278     10,356,740

Other Assets:
    Deposits and other                153,864        169,407

Total Assets                     $ 10,787,503   $ 11,059,140

</TABLE>




                                   - 2 -
<PAGE>

                     UPTOWNER INNS, INC. AND SUBSIDIARY

                         CONSOLIDATED BALANCE SHEET

                    AT MARCH 31, 2001 and JUNE 30, 2000



                           LIABILITIES AND STOCKHOLDERS' EQUITY

                                   March 31,         June 30,
                                     2001              2000
                                  (Unaudited)          (a)
<TABLE>
<S>                                <C>             <C>
Current Liabilities:
  Accounts payable                 $   296,129     $   358,242
  Accrued liabilities                  183,486         175,045
  Taxes other than Federal
   income taxes                        368,855         437,520
  Current portion of long-term
    debt                             1,109,220       1,109,220

     Total current liabilities       1,957,690       2,080,027


Long-Term Liabilities:
  Notes and mortgages payable        6,701,908       6,876,470

     Total liabilities               8,659,598       8,956,497


Stockholders' Equity:
  Common stock - par value
   $.50 per share; authorized
   5,000,000 shares; issued
   1,583,563 shares                    791,782         791,782
  Additional paid-in capital         1,032,290       1,032,290
  Retained earnings                    303,833         278,571

    Total stockholders' equity       2,127,905       2,102,643

Total Liabilities and
Stockholders' Equity               $10,787,503     $11,059,140


</TABLE>

(a) Financial information as of June 30, 2000 has been derived from the
audited, consolidated financial statements of the registrant.

         The accompanying notes to the consolidated financial statements
                  are an integral part of these statements.

                                   - 3 -
<PAGE>

                     UPTOWNER INNS, INC. AND SUBSIDIARY
                  CONSOLIDATED INCOME STATEMENT (UNAUDITED)
  For the periods of three and nine months ended March 31, 2001 and 2000

                                    Three Months Ended        Nine Months Ended
                                 3/31/01      3/31/00      3/31/01     3/31/00

<TABLE>
<S>                              <C>          <C>          <C>         <C>
Revenues:
  Rooms                         $   826,996  $   764,007  $ 2,679,709  $ 2,495,004
  Food and beverage                  41,502       88,442      149,120      281,446
  Telephone                          13,267       14,231       41,136       42,565
  Rents                              54,146       57,157      159,058      161,674
  Other                               4,947        5,905       16,582       24,353

     Total revenues                 940,858      929,742    3,045,605    3,005,042

Costs and Expenses:
  Operating Departments:
    Cost of sales                    43,927       58,608      149,036      169,622
    Salaries and wages              216,616      234,886      707,158      760,720
    Other                            73,480       59,520      208,464      223,560
  General and Administrative         63,747      108,833      243,754      226,225
  Advertising                        67,863       49,619      213,199      181,093
  Utilities                          66,293       57,809      188,567      177,160
  Repairs and Maintenance            23,359       21,756       77,698       98,112
  Interest                          187,059      184,192      569,724      546,387
  Taxes and licenses                 91,384      101,912      289,266      300,668
  Insurance                          21,436       16,077       48,231       41,752
  Depreciation and Amortization     116,683      106,882      326,489      324,231

     Total costs and expenses       971,847    1,000,094    3,021,586    3,049,530

     Operating income (loss)        (30,989)     (70,352)      24,019      (44,488)

Other Income:
  Interest income                     1,124        1,156        1,243        4,589

     Total other income               1,124        1,156        1,243        4,589

Net Income (Loss) before Income
  Taxes                             (29,865)     (69,196)      25,262      (39,899)

Income Taxes                              0            0            0            0


Net Income (Loss)               $   (29,865)   $ (69,196)  $   25,262  $   (39,899)

Earnings (Loss) per Share       $     (0.02)   $    (.04)  $      .02  $      (.03)
</TABLE>

         The accompanying notes to the consolidated financial statements
                  are an integral part of these statements.

                                   - 4 -
<PAGE>

                     UPTOWNER INNS, INC. AND SUBSIDIARY

                    CONSOLIDATED STATEMENT OF CASH FLOWS
                                (UNAUDITED)

              For the nine months ended March 31, 2001 and 2000


                                                2001           2000

<TABLE>

                                           <c>            <c>
Cash Flows From Operating Activities:
Net income                                $    25,262   $    (39,899)

Adjustments to reconcile net income to net
cash provided by operating activities:
  Depreciation and amortization               326,488        324,231
  (Increase) decrease in deposits              15,543         (3,742)
(Increase) decrease in current assets:
  Accounts receivable                         (14,405)           438
  Inventories                                   4,682             94
  Prepaid expenses                             20,696          5,715
Increase (decrease) in current
liabilities:
  Accounts payable                            (62,113)        92,620
  Accrued liabilities                           8,441        (10,004)
  Taxes other than Federal income tax         (68,665)        65,309

Total adjustments                             230,667        474,661

Net Cash Provided By Operating Activities  $  255,929    $   434,762

</TABLE>




















                                  - 5 -
<PAGE>

                    UPTOWNER INNS, INC. AND SUBSIDIARY

                   CONSOLIDATED STATEMENT OF CASH FLOWS
                                (UNAUDITED)

             For the nine months ended March 31, 2001 and 2000



                                                       2001           2000
<TABLE>

                                                  <c>            <c>
Cash Flows From Investing Activities:
  Capital Expenditures                           $  (130,026)    $  (226,386)

     Net cash used in investing activities          (130,026)       (226,386)

Cash Flows From Financing Activities:
  Loan proceeds                                      100,000         116,400
  Payment on notes and mortgages                    (274,562)       (246,120)

     Net cash used in
     financing activities                           (174,562)       (129,720)

Net Increase (Decrease) in Cash
  and Cash Equivalents                               (48,659)         78,656

Cash and Cash Equivalents at Beginning of Year       348,064         322,663

Cash and Cash Equivalents at End of Period       $   299,405     $   401,319


Supplemental Disclosures of Cash Flow Information:

Cash Paid During The Period For:
  Interest                                       $   566,137     $   515,820

</TABLE>











         The accompanying notes to the consolidated financial statements
                  are an integral part of these statements.



                                   - 6 -
<PAGE>

                     UPTOWNER INNS, AND SUBSIDIARY

               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                            March 31, 2001



1.  BASIS OF PRESENTATION
The financial statements presented reflect Uptowner Inns, Inc. and its
consolidated subsidiary, Motel and Restaurant Supply.

The foregoing statements are unaudited; however, in the opinion of
management, all adjustments (comprising only normal recurring accruals)
necessary for a fair presentation of the financial statements have been
included.  The results of operations for interim periods are not
necessarily indicative of the results that may be expected for a full
year or any other interim period.  A summary of the Corporation's
significant accounting policies is set forth in Note 1 to the Consolidated
Financial Statements in the Corporation's Annual Report to shareholders
and Form 10-K for June 30, 2000.




                                   - 7 -
<PAGE>


                   UPTOWNER INNS, AND SUBSIDIARY

               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                          September 30, 2000

2.  CONTINGENCY

A $10,000,000. suit in which the Uptowner Inns, Inc. was a defendant was
previously filed by an individual who was severely injured in an auto
accident by a patron of the lounge.

The court has issued a summary judgment in this suit and accordingly this
suit has been dismissed.









                                     - 8 -
<PAGE>
                     UPTOWNER INNS, INC. AND SUBSIDIARY

ITEM 2:   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FORWARD-LOOKING STATEMENTS

	Certain matters disclosed herein may be deemed to be forward-looking
statements that involve risks and uncertainties, including the facilities
utilization, costs associated with maintaining the operations, liquidity
issues, and other risks.  Actual strategies and results in future time
periods may differ materially from those currently expected.  Such
forward-looking statements represent management's judgment as of the
current date.  The Company disclaims, however, any intent of obligation
to update such forward-looking statements.



RESULTS OF OPERATION

   THREE MONTHS ENDED MARCH 31, 2001 AND 2000

     Due to the Holiday Inn Motel and Suites becoming an established
property within the Huntington market, the room revenues increased 8.2%
in the three months ended March 31, 2001 relative to the comparable
period in 2000.  The 53.1% decrease in food and beverage revenue
in the quarter ended March 31, 2001 relative to the comparable period
in 2000, is attributed to the elimination of the Uptowner Inn restaurant
facility in late August of 2000. Although cost of sales have decreased 25%
from 2000, as a percentage of sales, cost of sales has increased nearly
20% in the three months ended March 31, 2001 relative to the comparable
period in 2000.  This increase in percentage as compared to sales is due
to the Travelodge property and the Holiday Inn property providing a
complimentary continental breakfast to all their guests.  Also, the
Holiday Inn started offering a hot breakfast to all Holiday Inn Priority
Club members.

     Total cost and expenses have decreased 2.8% primarily due to salaries
and wages and cost of sales attributed to the elimination of the Uptowner
restaurant.  Additionally, advertising has increased 36.7% due to
increased marketing efforts associated with the Holiday Inn Hotel and
Suites.



   NINE MONTHS ENDED MARCH 31, 2001 AND 2000

      Room Revenues have increased by 7.4% in the nine months ended
March 31, 2001 relative to the comparable period in 2000.  Due to
elimination of Uptowner restaurant as noted above, food and beverage
revenues have decreased by 47% in the nine months ended March 31,
2001 relative to the comparable period in 2000.  These differences, as
well as the variances in expenses, are due to the explanations above for
the three months ending March 31, 2001.

                                      - 9 -
<PAGE>


LIQUIDITY

     The liquidity, as measured by current assets divided by current
liabilities, has slightly decreased from .256 at June 30, 2000 to
 .242 at March 31, 2001.  This decline is a result of continued under-
utilization of the Uptowner Inn facility coupled with the costs necessary
to maintain the operation.  Management is currently evaluating
alternatives for the Uptowner Inn facility, and expects to have a plan in
place by the first quarter of the fiscal year beginning in 2001.


CAPITAL RESOURCES

     The registrant has no plans at this time for any material commitments
for capital expenditures.






































                                   - 10 -
<PAGE>


                  UPTOWNER INNS, INC. AND SUBSIDIARY


PART II:  OTHER INFORMATION


Item 1.  Legal Proceedings - Not Applicable

Item 2.  Changes in Securities and Use of Proceeds - Not Applicable

Item 3.  Defaults by the Company on its Senior Securities - Not Applicable

Item 4.  Submission of Matters to a Vote of Security Holders

         The annual meeting of the Stockholders of Uptowner Inns Inc., was
         held on March 27, 2001.  The following members of the Board of
  	   Board of Directors were elected with terms expiring at the 2001
   annual meeting:

                                             Votes
                                              For
                                             ______

         (1)  Louis Abraham                  864,145
              905 St. Rt. # 10-N
              Branchland, WV 25506

         (2)  Hobart Adkins                  914,894
              4821 - 16th Street Road
              Huntington, WV  25701

         (3)  Carl Midkiff                   924,940
              2619 Raceview Drive
              Ona, WV  25545

         (4)  Violet Midkiff                 925,940
              1415 - 4th Avenue
              Huntington, WV 25701

         (5)  David Robinson                 923,539
              PO Box 588
              Ona, WV  25545

	   Additional nominees votes were as follows:

	   (1)  James Camp				135,416
		  5-A Lakeview Terrace
		  Barboursville, WV 25504

	   (2)  Olive Hager				142,336
		  114 Belcher Avenue
		  Hamlin, WV  25523

                                - 11 -
<PAGE>

                     UPTOWNER INNS, INC. AND SUBSIDIARY


PART II:  OTHER INFORMATION, CONTINUED



Item 5.  Other Information - Not Applicable

Item 6.  Exhibits and Reports on Form 8-K

     a.  Exhibits

             None

     b.  The Company was not required to file Form 8-K for the quarter
         ended March 31, 2001.




































                              - 12 -
<PAGE>



SIGNATURES



     Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.


(Registrant)                      UPTOWNER INNS, INC.


                                  By /s/ Carl Midkiff,
                                         CEO and Secretary
		       October 2, 2001




		By /s/ David Robinson,
                                         Treasurer
		       October 2, 2001





























                                   - 13  -
<PAGE>