LaSalle Hotel Properties Appoints Kenneth G. Fuller Chief Financial Officer
April 01 2016 - 5:00PM
Business Wire
LaSalle Hotel Properties (NYSE:LHO) today announced the
appointment of Kenneth G. Fuller as Executive Vice President, Chief
Financial Officer, Secretary, and Treasurer, effective April 25,
2016. Mr. Fuller succeeds Bruce A. Riggins, who will leave the
company to pursue other opportunities. Mr. Riggins will
continue to serve as the Company’s Chief Financial Officer for the
transitional period.
Michael D. Barnello, President and Chief Executive Officer of
the Company, stated, “We are excited about Ken’s return to LaSalle
as CFO. He brings demonstrated competence to the CFO role and a
long history with LaSalle. Ken was an instrumental member of the
LaSalle finance, asset management, and acquisitions/dispositions
teams for fifteen years, and we are delighted to have him back. On
behalf of the Board and management team, I want to thank Bruce for
his contributions to LaSalle during his tenure. We wish him
continued success in his future endeavors.”
Mr. Fuller has served as the Founder, Owner and Principal of
Vine Investment Partners, a real estate company focused on
acquiring and developing multi-family residential properties and
hotels, since 2015. Prior to that, Mr. Fuller served in various
positions for the Company from 2000 to 2015, including most
recently as Treasurer from 2011 to 2015, Vice President of Finance
from 2009 to 2011, and Vice President of Asset Management from 2007
to 2009. Mr. Fuller received his Bachelor of Science degree from
the School of Hotel Administration at Cornell University.
About LaSalle Hotel Properties
LaSalle Hotel Properties is a leading multi-operator real estate
investment trust. The Company owns 47 hotels and a mezzanine loan
secured by two hotels in Santa Monica, California. The properties
are upscale, full-service hotels, totaling more than 12,000 guest
rooms in 14 markets in 10 states and the District of Columbia. The
Company focuses on owning, redeveloping and repositioning upscale,
full-service hotels located in urban, resort and convention
markets. LaSalle Hotel Properties seeks to grow through strategic
relationships with premier lodging companies, including Westin
Hotels and Resorts, Hilton Hotels Corporation, Outrigger Lodging
Services, Noble House Hotels & Resorts, Hyatt Hotels
Corporation, Benchmark Hospitality, White Lodging Services
Corporation, Commune Hotels and Resorts, Destination Hotels,
Davidson Hotel Company, the Kimpton Hotel & Restaurant Group,
LLC, Accor, HEI Hotels & Resorts, JRK Hotel Group, Inc.,
Viceroy Hotel Group, Highgate Hotels and Access Hotels &
Resorts.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. The Company intends such forward-looking
statements to be covered by the safe harbor provisions for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995 and includes this statement for
purposes of complying with these safe harbor provisions.
Forward-looking statements, which are based on certain assumptions
and describe the Company’s future plans, strategies and
expectations, are generally identifiable by use of the words
“will,” “believe,” “expect,” “intend,” “anticipate,” “estimate,”
“project” or similar expressions. Forward-looking statements in
this release include, among others, statements about Mr. Riggins’s
expected departure date and Mr. Fuller’s expected start date
with the Company. You should not rely on forward-looking statements
since they involve known and unknown risks, uncertainties and other
factors that are, in some cases, beyond the Company’s control and
which could materially affect actual results, performances or
achievements.
For additional information or to receive press releases via
e-mail, please visit our website at www.lasallehotels.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160401005859/en/
LaSalle Hotel PropertiesMax D. Leinweber, 301-941-1500
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