FelCor Appoints Mark D. Rozells to the Board of Directors
April 01 2008 - 1:26PM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that
it has appointed Mark D. Rozells to its Board of Directors. Mr.
Rozells brings over 20 years of broad investment, finance, strategy
and management experience to FelCor�s board. Mr. Rozells is
currently the President of Inversiones Latinoamericanas S.A.
(�INLASA�), a private real estate investment and development
company that he founded in 2007. Prior to founding INLASA, he
served as Managing Director of Procinea Management LLC, a
privately-held start-up investment firm. From 2000 to 2005, Mr.
Rozells held senior management roles with Liberty Media
Corporation, serving as President and Chief Executive Officer of
DMX Music, Inc., a leading provider of music and in-store
entertainment services to commercial customers including the
lodging industry, and as Executive Vice President and Chief
Financial Officer of Liberty Digital, Inc., a publicly-held media
and music content production and distribution company. Prior to
Liberty Media Corporation, Mr. Rozells developed his extensive real
estate and hospitality experience at some of the most
highly-respected companies. During a ten-year period, he served as
Senior Vice President, Finance and Treasurer of Starwood Hotels
& Resorts Worldwide, Inc., and held senior treasury and finance
roles with The Walt Disney Company. He is a graduate of Yale
College with a degree in Economics. �Mark is a great fit for our
board. His financial and real estate expertise and leadership
skills are a great addition to our already strong board,� said
Richard A. Smith, FelCor's President and CEO. �I have known Mark
for ten years, since our time at Starwood, and we are very
fortunate to have him join our team. As we continue to improve the
quality of our portfolio through future asset sales and
acquisitions, I have no doubt that he will add value to FelCor.�
Mr. Rozells will stand for election by the Shareholders at FelCor's
2008 annual meeting. He fills the vacancy created by the departure
of David C. Kloeppel. �For the past three years, Dave has been a
highly valuable member of FelCor�s Board of Directors. I appreciate
his service to the company and I wish him well,� continued Mr.
Smith. 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�. Additional information can be
found on the Company�s Web site at www.felcor.com.
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