FelCor Appoints Richard A. Smith as President and Chief Executive Officer
07 Fevereiro 2006 - 7:32PM
PR Newswire (US)
IRVING, Texas, Feb. 7 /PRNewswire-FirstCall/ -- FelCor Lodging
Trust Incorporated (NYSE:FCH), one of the nation's largest hotel
real estate investment trusts (REITs), today announced that its
Board of Directors has appointed Richard A. Smith as President and
Chief Executive Officer. Mr. Smith succeeds Thomas J. Corcoran,
Jr., who has served as President and CEO of FelCor since its
founding. (Photo:
http://www.newscom.com/cgi-bin/prnh/20060207/DATU035 ) "I am
extremely pleased that Rick has been promoted to President and CEO
of FelCor. Since he first joined FelCor, his leadership has been
evident throughout the Company. Rick's wealth of experience will
continue to position FelCor as one of our industry's leaders," said
Thomas J. Corcoran, Jr., who has become FelCor's Chairman of the
Board. "Tom's leadership and vision for FelCor over the last 15
years can be seen throughout our Company. He grew FelCor from a
REIT of six hotels and a market capitalization of $120 million in
1994 to a portfolio of 117 hotels with a total market
capitalization of $3.2 billion. His leadership has positioned
FelCor to be strong and profitable," said Rick Smith, FelCor's
President and CEO. "I am very honored to be appointed to this role.
I look forward to working with Tom to build an even stronger
Company as we enter a new era." Mr. Smith joined FelCor in November
2004 as Executive Vice President and Chief Financial Officer. Prior
to FelCor, Mr. Smith was with Wyndham International as Executive
Vice President and Chief Financial Officer. He was responsible for
that company's financial strategy and operations. Mr. Smith joined
Wyndham International in September 1999 as Senior Vice President
and Treasurer. Mr. Smith also previously worked with Starwood
Hotels & Resorts Worldwide, Inc., where he was Vice President
of Corporate Finance. Previously, he worked for Atlantic Richfield
Company and Coopers & Lybrand. Mr. Smith also will join the
Board of Directors of FelCor. A certified public accountant, Mr.
Smith graduated from the University of Tennessee, where he received
a Bachelor of Science degree in Accounting and Business Law. FelCor
is the nation's largest owner of full service, all-suite hotels.
FelCor's portfolio is comprised of 117 hotels, located in 28 states
and Canada. FelCor owns 64 full service, all-suite hotels, and is
the largest owner of Embassy Suites Hotels(R) and Doubletree Guest
Suites(R) hotels. FelCor's hotels are flagged under global brands
such as Embassy Suites Hotels, Doubletree(R), Hilton(R),
Sheraton(R), Westin(R) and Holiday Inn(R). FelCor has a current
market capitalization of approximately $3.2 billion. Additional
information can be found on the Company's Web site at
http://www.felcor.com/ . With the exception of historical
information, the matters discussed in this news release include
"forward looking statements" within the meaning of the federal
securities laws that are qualified by cautionary statements
contained herein and in FelCor's filings with the Securities and
Exchange Commission.
http://www.newscom.com/cgi-bin/prnh/20060207/DATU035
http://photoarchive.ap.org/ DATASOURCE: FelCor Lodging Trust
Incorporated CONTACT: Monica L. Hildebrand, Vice President of
Communications, +1-972-444-4917, or , or Stephen A. Schafer, Vice
President of Investor Relations, +1-972-444-4912, or , both of
FelCor Lodging Trust Incorporated Web site: http://www.felcor.com/
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