FelCor Lodging Trust Announces Donald J. Falgoust as Vice President Food & Beverage
February 14 2008 - 1:31PM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH), today announced
Donald J. Falgoust as Vice President Food & Beverage, a newly
created position. Mr. Falgoust, 49, was most recently with
Remington Hotel Corporation as Corporate Director of Food &
Beverage. Prior to Remington, Mr. Falgoust was with Wyndham
International from 1998 to 2005 in various management roles,
including Regional Director of Food & Beverage. A 20-year
hospitality veteran, Mr. Falgoust has served in many capacities
throughout his career including management positions with Global
Hyatt Corporation and InterContinental Hotels and Resorts. Mr.
Falgoust will work with FelCor�s asset management group to improve
the quality, revenue and profit margins of food and beverage
operations in the company�s hotels. He will continue the efforts to
work with the brand operators to seek opportunities to enhance the
value of the company�s food and beverage operations including
developing new concepts, identifying potential return on investment
projects, improving purchasing programs and implementing best
practices. "I have had the pleasure of working with Don for many
years and he brings a wealth of knowledge and experience to
FelCor,� said Troy A. Pentecost, FelCor's Executive Vice President
of Asset Management. �His addition to the Asset Management team
will further our shift to a more involved partnership with the
brand operators to effect change and improve shareholder value.�
Mr. Falgoust received a Bachelors Degree in Hotel & Restaurant
Administration from the University of Southern Mississippi. FelCor,
a real estate investment trust, is the nation�s largest owner of
upper upscale, all-suite hotels. FelCor�s portfolio is comprised of
85 consolidated hotels and resorts, located in 23 states and
Canada. FelCor�s portfolio consists mostly of upper upscale hotels,
which are flagged under global brands such as Embassy Suites
Hotels�, Doubletree�, Hilton�, Renaissance�, Sheraton�, Westin� and
Holiday Inn�. FelCor has a current enterprise value of
approximately $2.8�billion. Additional information can be found on
the Company�s Web site at www.felcor.com.
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