Richard O. Jacobson and Michael D. Rose Retire From FelCor's Board of Directors
17 Maio 2006 - 12:12PM
PR Newswire (US)
IRVING, Texas, May 17 /PRNewswire-FirstCall/ -- FelCor Lodging
Trust Incorporated (NYSE:FCH), one of the nation's largest hotel
real estate investment trusts (REITs), wishes to express its
appreciation to Richard O. Jacobson, who retired from its Board of
Directors effective May 16, 2006. Mr. Jacobson has been a valued
and respected member of FelCor's Board of Directors since the
Company's initial public offering in 1994. During his tenure as a
director of FelCor, Mr. Jacobson has served on both the Audit and
Compensation Committees of FelCor. Mr. Jacobson, 69, is the founder
and Chairman of the Board of Jacobson Warehouse Company, Inc., a
privately-held warehouse company, and of Jacobson Transportation
Company, Inc., a truckload common carrier. FelCor also wishes to
express its appreciation to Michael D. Rose, 64, who retired from
its Board of Directors in February 2006. Mr. Rose, who served as a
director of FelCor from July 1998 until his retirement, provided
FelCor's Board of Directors with a wealth of leadership experience
in the hospitality industry. Mr. Rose also served on the
Compensation and Corporate Governance and Nominating Committees of
FelCor's Board of Directors. Mr. Rose is Chairman of the Executive
Committee of the Board of Gaylord Entertainment Company, a
diversified entertainment company. "I want to extend my sincere
appreciation to Mike Rose and Dick Jacobson for their many
contributions to FelCor's Board of Directors over the years, as
well as for the visionary leadership they have provided," said
Thomas J. Corcoran, Jr., FelCor's Chairman of the Board. "Their
knowledge, experience, judgment and common sense have served our
stockholders well throughout their terms of service with FelCor."
FelCor is the nation's largest owner of full service, all-suite
hotels. FelCor's portfolio is comprised of 115 hotels, located in
28 states and Canada. FelCor owns 65 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 $3.3 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. 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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