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 DECEMBER 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 December 31, 2001
      ______                           _______________________________

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




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PART I:  FINANCIAL INFORMATION

ITEM 1: FINANCIAL STATEMENTS


                     UPTOWNER INNS, INC. AND SUBSIDIARY

                         CONSOLIDATED BALANCE SHEET

                    AT DECEMBER 31, 2001 and JUNE 30, 2001



                                         ASSETS

                                December 31,        June 30,
                                    2001              2001
                                 (Unaudited)           (a)

<TABLE>
<S>                              <C>            <C>
Current Assets:
  Cash                           $     69,468   $    186,912
  Accounts and notes receivable        98,409         72,830
  Inventories                           7,595          7,715
  Prepaid expenses                     24,341         48,392
  Property held for sale              327,811        327,811

  Total current assets                527,624        643,660


Property, Plant and Equipment:
  Land                              1,539,252      1,519,252
  Building and improvements        10,680,357     10,680,357
  Furniture and equipment           2,766,780      2,761,410


  Less accumulated
  depreciation
  and amortization                  5,065,072      4,846,594

  Property, plant and
  equipment - net                   9,921,317     10,114,425

Other Assets:
    Deposits and other                203,238        141,837

Total Assets                     $ 10,652,179   $ 10,899,922

</TABLE>




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                     UPTOWNER INNS, INC. AND SUBSIDIARY

                         CONSOLIDATED BALANCE SHEET

                   AT DECEMBER 31, 2001 and JUNE 30, 2001



                           LIABILITIES AND STOCKHOLDERS' EQUITY

                                 December 31,        June 30,
                                     2001              2001
                                  (Unaudited)          (a)
<TABLE>
<S>                                <C>             <C>
Current Liabilities:
  Accounts payable                 $   191,744     $   232,588
  Accrued liabilities                  260,671         200,484
  Taxes other than Federal
   income taxes                        378,285         313,480
  Current portion of long-term
    debt                             1,409,378       1,400,385

     Total current liabilities       2,240,078       2,146,937


Long-Term Liabilities:
  Notes and mortgages payable        6,339,722       6,636,076

     Total liabilities               8,579,800       8,783,013


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                    248,307         292,837

    Total stockholders' equity       2,072,379       2,116,909

Total Liabilities and
Stockholders' Equity               $10,652,179     $10,899,922


</TABLE>

(a) Financial information as of June 30, 2001 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.

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

                                     Three Months Ended      Six Months Ended
                                       2001         2000        2001        2000
<TABLE>
<S>                              <C>            <C>         <C>          <C>
Revenues:
  Rooms                          $   750,861  $   849,760  $ 1,653,301  $ 1,852,713
  Food and beverage                   29,411       37,962       65,909      107,618
  Telephone                            2,079       12,385        9,394       27,869
  Rents                               53,366       50,509      107,703      104,912
  Other                                6,567        6,256       14,541       11,635

     Total revenues                  842,284      956,872    1,850,848    2,104,747

Costs and Expenses:
  Operating Departments:
    Cost of sales                     31,090       44,151       70,952      105,109
    Salaries and wages               197,032      232,129      439,839      490,542
    Other                             64,882       73,638      131,107      134,984
  General and Administrative          85,991       94,978      147,730      180,007
  Advertising                         51,232       76,603      111,273      145,336
  Utilities                           57,165       54,910      123,282      122,275
  Repairs and Maintenance             28,655       24,274       53,873       54,339
  Interest                           200,661      196,651      386,418      382,665
  Taxes and licenses                  82,150       93,018      175,836      197,882
  Insurance                           18,295       10,718       36,590       26,795
  Depreciation and Amortization      109,321      104,903      218,478      209,805

     Total costs and expenses        926,474    1,005,973    1,895,378    2,049,739

     Operating income (loss)         (84,190)     (49,101)     (44,530)      55,008

Other Income:
  Interest income                          0           60            0          119

     Total other income                    0           60            0          119

Net Income (Loss) before Income
  Taxes                              (84,190)     (49,041)     (44,530)      55,127

Income Taxes                               0            0            0            0


Net Income (Loss)                $   (84,190)   $ (49,041)  $  (44,530) $    55,127

Earnings (Loss) per Share        $     (0.05)   $    (.03)  $     (.03) $       .03
</TABLE>

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

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                       UPTOWNER INNS, INC. AND SUBSIDIARY

                    CONSOLIDATED STATEMENT OF CASH FLOWS
                                (UNAUDITED)

            For the six months ended December 31, 2001 and 2000


                                                2001           2000

<TABLE>

                                           <c>            <c>
Cash Flows From Operating Activities:
Net income                                $   (44,530)  $     55,127

Adjustments to reconcile net income to net
cash provided by operating activities:
  Depreciation and amortization               218,478        209,805
  (Increase) decrease in deposits             (61,401)         7,233
(Increase) decrease in current assets:
  Accounts receivable                         (25,579)        (1,573)
  Inventories                                     120          8,720
  Prepaid expenses                             24,051          9,220
Increase (decrease) in current
liabilities:
  Accounts payable                            (40,844)         8,403
  Accrued liabilities                          60,187          9,272
  Taxes other than Federal income tax          64,805       (133,123)

Total adjustments                             239,817        117,957

Net Cash Provided By Operating Activities  $  195,287    $   173,084

</TABLE>




















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                     UPTOWNER INNS, INC. AND SUBSIDIARY

                   CONSOLIDATED STATEMENT OF CASH FLOWS
                                (UNAUDITED)

          For the six months ended December 31, 2001 and 2000



                                                       2001           2000
<TABLE>

                                                  <c>            <c>
Cash Flows From Investing Activities:
  Capital Expenditures                           $   (25,370)    $   (75,783)

     Net cash used in investing activities           (25,370)        (75,783)

Cash Flows From Financing Activities:
  Loan proceeds                                            0               0
  Payment on notes and mortgages                    (287,361)       (174,328)

     Net cash used in
     financing activities                           (287,361)       (174,328)

Net Increase (Decrease) in Cash
  and Cash Equivalents                              (117,444)        (77,027)

Cash and Cash Equivalents at Beginning of Year       186,912         348,064

Cash and Cash Equivalents at End of Period       $    69,468         271,037


Supplemental Disclosures of Cash Flow Information:

Cash Paid During The Period For:
  Interest                                       $   337,920     $   380,274

</TABLE>











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



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                     UPTOWNER INNS, AND SUBSIDIARY

               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                          December 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, 2001.




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                     UPTOWNER INNS, AND SUBSIDIARY

               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                          December 31, 2001

2.  CONTINGENCY

None.





































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                     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 DECEMBER 31, 2001 AND 2000

     Due to the decline in the Huntington market, room revenues decreased
11.6% in the three months ended December 31, 2001 relative to the
comparable period in 2000.  The average occupancy percentage for the three
months ended December 31, 2001 was 62.63%, a decrease of 5.92% relative to
the comparable period in 2000.  This decline is due largely in part to the
events surrounding the September 11 terrorist attacks.  The 22.5% decrease
in food and beverage revenues in the quarter ended December 31, 2001
relative to the comparable period in 2000, is relative to the decline in
room sales.

          Costs and expenses decreased 7.9% from 2000.  Salaries decreased
15.1% due to the decline in room sales. Advertising has decreased 33.1% in
the three months ended December 31, 2001 relative to the comparable period
in 2000.  This decrease is due largely to the increased advertising and
marketing efforts that took place in the first couple of years that the
property was open.  Insurance has increased 70.7% due to the rate
increases passed down by the Insurance industry.  The Holiday Inn Hotel
and Suites project continues to do better than early projections had
suggested.  The Star Report, generated by Smith Travel Research, shows the
Holiday Inn Hotel and Suites is continuing to increase their market share
in the Huntington area.










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RESULTS OF OPERATION, CONTINUED


   SIX MONTHS ENDED DECEMBER 31, 2001 AND 2000

      Room Revenues have decreased by 10.8% in the six months ended
December 31, 2001 relative to the comparable period in 2000.  Food and
Beverage revenues have decreased by 38.8% in the six months ended
December 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 month period ending December 31, 2001.


LIQUIDITY

     The liquidity, as measured by current assets divided by current
liabilities, has slightly decreased from .30 at June 30, 2001 to
..24 at December 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 third quarter of the fiscal year ending June 30, 2002.


CAPITAL RESOURCES

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


























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                     UPTOWNER INNS, INC. AND SUBSIDIARY


PART II:  OTHER INFORMATION




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 December 31, 2001.

































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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
		       September 27, 2002




		By /s/ David Robinson,
                                         Treasurer
		       September 27, 2002





























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