Interstate Hotels & Resorts Promotes Denis McCarthy to Chief Accounting Officer
2007年4月24日 - 10:30PM
PRニュース・ワイアー (英語)
ARLINGTON, Va., April 24 /PRNewswire-FirstCall/ -- Interstate
Hotels & Resorts (NYSE:IHR), one of the nation's largest
independent hotel management companies, today announced that Denis
S. McCarthy has been promoted to chief accounting officer. He
previously served as senior vice president, corporate controller.
In his new position, McCarthy will be responsible for all of the
company's corporate accounting, financial reporting and tax
functions. He will continue to report to Bruce Riggins,
Interstate's chief financial officer. A 10-year hotel industry
veteran, McCarthy joined Interstate in 2004 from Host Hotels
Corporation, formerly Host Marriott, where he served in numerous
positions, his final being the director of financial reporting.
While at Host, he worked on the public filings with the SEC and was
part of the steering committee to implement Sarbanes Oxley
compliance. He also worked on multiple transactions including the
company's reorganization to a REIT, debt offerings, and preferred
and common equity offerings as well as hotel acquisitions and
dispositions. Prior to those positions, McCarthy, a CPA, was an
auditor for the public accounting firm of PricewaterhouseCoopers,
LLC, formally Coopers & Lybrand. "Denis brings more than a
decade of public company and public accounting experience and a
proven track record of successful analysis and financial reporting,
as well as strong leadership skills," said Bruce Riggins, CFO.
"After joining Interstate in 2004 as a VP, corporate controller,
Denis was quickly promoted to SVP in recognition of his significant
contribution to our senior management team. This promotion affirms
his continuing record of achievement." McCarthy earned both his
bachelor's and master's degrees from West Virginia University, and
his Certified Public Accountant license in the state of Virginia.
He is a member of the Virginia chapter of AICPA, the Special Forces
Association, and DARE Parachute Team. He also has served in the
U.S. Army and National Guard for the past 19 years. As of March 31,
2007, Interstate Hotels & Resorts operated 207 hospitality
properties with more than 47,000 rooms in 36 states, the District
of Columbia, Belgium, Canada, and Russia. In addition, Interstate
Hotels & Resorts has contracts to manage 14 hospitality
properties with nearly 4,200 rooms under development. 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. 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, economic conditions generally and the hotel
and real estate markets specifically, the war in Iraq,
international and geopolitical difficulties or health concerns,
governmental actions, legislative and regulatory changes,
availability of debt and equity capital, interest rates,
competition, weather conditions or natural disasters, 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, 2006. Contact: Jerry Daly,
Carol McCune (media) Daly Gray Public Relations (703) 435-6293
DATASOURCE: Interstate Hotels & Resorts CONTACT: Jerry Daly or
Carol McCune (media), both of Daly Gray Public Relations,
+1-703-435-6293, Web site: http://www.ihrco.com/
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