Interstate Hotels & Resorts Promotes Joseph Klam to Executive VP, Hotel Finance
2006年10月11日 - 10:58PM
PRニュース・ワイアー (英語)
ARLINGTON, Va., Oct. 11 /PRNewswire-FirstCall/ -- Interstate Hotels
& Resorts (NYSE:IHR), the nation's largest independent hotel
management company, today announced that Joseph A. Klam has been
promoted to executive vice president, hotel finance. He previously
served as senior vice president of hotel finance. In his new
position, Klam will be responsible for all aspects of the financial
operations of the company's portfolio of 232 managed hotels and
resorts. He will report to Bruce Riggins, Interstate's chief
financial officer. A 30-year hotel industry veteran, Klam joined
Interstate in 2003 from Millennium Hotels & Resorts, where he
served as vice president of finance- North America. He began his
career with Stouffers Hotels & Resorts where he served in a
variety of operational and management positions. He later joined
Renaissance Hotels International and rose through the executive
ranks to vice president of field financial services, international
lodging, and led the transition of Renaissance Hotel Group systems
after its acquisition by Marriott. "Joseph has an impressive and
extensive background that encompasses finance, operations,
accounting, systems and human resources initiatives," said Bruce
Riggins. "His wealth of finance-related experience at a variety of
public and private hospitality companies prepares him to provide
the essential financial leadership we will need as we continue to
pursue our primary growth strategy of diversifying our earnings
base with increased ownership participations." Klam received a
Bachelor of Science degree at The American University in
Washington, D.C., and earned an MBA at the University of Phoenix in
Arizona. He is a former member of AH&LA Internal Audit
subcommittee and a member of the Hospitality Financial &
Technology Professionals. As of September 30, Interstate Hotels
& Resorts operated 232 hospitality properties with more than
52,000 rooms in 40 states, the District of Columbia, Canada, and
Russia. BridgeStreet Worldwide, an Interstate Hotels & Resorts'
subsidiary, is one of the world's largest corporate housing
providers. BridgeStreet and its network of Global Partners offer
more than 10,000 corporate apartments located in more than 100 MSAs
throughout the United States and internationally. For more
information about Interstate Hotels & Resorts, visit the
company's Web site: http://www.ihrco.com/. This press release
contains "forward-looking statements," within the meaning of the
Private Securities Litigation Reform Act of 1995, about Interstate
Hotels & Resorts, including those statements regarding future
operating results and the timing and composition of revenues, among
others, and statements containing words such as "expects,"
"believes" or "will," which indicate that those statements are
forward-looking, although not all forward- looking statements will
contain such words. Except for historical information, the matters
discussed in this press release are forward-looking statements that
are subject to certain risks and uncertainties that could cause the
actual results to differ materially, including the volatility of
the national economy, changes in business and leisure travel
patterns or levels, fuel cost, economic conditions generally and
the hotel and real estate markets specifically, international and
geopolitical instability, health concerns, threatened or actual
terrorist attacks, governmental actions, legislative and regulatory
changes, availability of debt and equity capital, interest rates,
competition, weather conditions or natural disasters, changes in
supply and demand for lodging facilities in our current and
proposed market areas, and the Company's ability to manage
integration and growth. Additional risks are discussed in
Interstate Hotels & Resorts' filings with the Securities and
Exchange Commission, including Interstate Hotels & Resorts'
annual report on Form 10-K as amended for the year ended December
31, 2005. Contact: Jerry Daly, Carol McCune (media) Daly Gray
Public Relations (703) 435-6293 DATASOURCE: Interstate Hotels &
Resorts CONTACT: Jerry Daly or Carol McCune of Daly Gray Public
Relations, +1-703-435-6293, , for Interstate Hotels & Resorts
Web site: http://www.ihrco.com/
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Interstate Hotels (NYSE:IHR)
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