Interstate Hotels & Resorts Appoints H. Eric Bolton to Board
2007年5月9日 - 10:30PM
PRニュース・ワイアー (英語)
ARLINGTON, Va., May 9 /PRNewswire-FirstCall/ -- Interstate Hotels
& Resorts (NYSE:IHR), one of the nation's largest independent
hotel management companies, today announced that H. Eric Bolton has
been appointed to its board of directors. Bolton is chairman, chief
executive officer and president of Memphis, Tennessee-based
Mid-America Apartment Communities, Inc. (NYSE:MAA), a real estate
investment trust (REIT) that specializes in the acquisition,
ownership and operation of apartment communities. He joined the
company shortly after its initial public offering in 1994 as
director of new development, became president and COO and a
director of the company in 1997, CEO in 2001 and board chairman in
2002. His expertise in multi-family real estate includes new
development, redevelopment, acquisitions/dispositions and property
management. In 2002, he was named the National Multifamily
Executive of the Year by Multifamily Magazine. Previously, he
served as chief financial officer of Trammell Crow Asset
Management, the institutional investment arm of Trammel Crow
Company in Dallas, responsible for managing institutional capital
investment funds. Prior to that, Bolton was chief financial officer
of the consumer loan division of First Gibraltar Savings and Loan
in Dallas. "Eric brings a unique combination of skills and hands-on
experience to the table," said Paul W. Whetsell, Interstate's
chairman of the board. "In addition to more than 20 years of
experience in real estate acquisitions and finance, he has a solid
grounding in the operating side of the business." "Eric's wealth of
experience in finance and real estate makes him an extremely
valuable addition to our board," said Thomas Hewitt, chief
executive officer. "Specifically, his extensive knowledge of
investments and capital markets will be a great resource to the
company as we continue to execute on our growth strategy to acquire
hotel real estate, both wholly-owned and through joint ventures."
The Chicago-based firm Ferguson Partners Ltd. led the executive
search. As of April 30, 2007, Interstate Hotels & Resorts
operated 203 hospitality properties with more than 46,000 rooms in
36 states, the District of Columbia, Belgium, Canada, Ireland and
Russia. In addition, Interstate Hotels & Resorts has contracts
to manage 13 hospitality properties with 4,000 rooms currently
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, +1-703-435-6293, ,
both of Daly Gray Public Relations for Interstate Hotels &
Resorts
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