Corporation in Senior Management Positions
|ARLINGTON, Va., March 30, 2004—MeriStar Hospitality
Corporation (NYSE: MHX), one of the nation’s largest hotel real estate
investment trusts (REIT), today announced two additions to its senior management
team, expanding the company’s capacity to focus on increasing profitability
at its hotels. Hoyt W. Bacon joins the company as senior vice president-revenue
& distribution management and John C. Boettger, as vice president,
“We have repositioned our portfolio through asset sales and now have a portfolio with higher growth and profit potential,” said Bruce G. Wiles, chief operating officer. “We are reinvesting in our core assets to enhance these high quality hotels, and these positions significantly enhance our asset management capabilities. Hoyt and John bring extensive industry experience to MeriStar and will both be dedicated to increasing the profitability of our hotels.”
Hoyt W. Bacon
In his role as senior vice president-revenue & distribution management, a new functional area for the company, Bacon will be responsible for identifying additional revenue opportunities for MeriStar’s assets, with a focus on strengthening electronic channels and loyalty initiatives.
Prior to joining MeriStar, Bacon was chief marketing officer with Interstate
Hotels & Resorts, responsible for marketing 300 multi-branded managed
hotels, as well as the company’s proprietary Doral brand. Bacon is
the former president and founder of United Direct Response, which grew
into All Points Communications, a direct marketing and fulfillment company.
Prior to that, he worked for Amfac Hotels and Westin Hotels & Resorts
in various senior level sales and marketing positions.
John C. Boettger
John Boettger joins MeriStar from Host Marriott Corp., where he served as vice president in the asset management group, responsible for the oversight of a portfolio of full-service hotels whose brands included Marriott, Ritz-Carlton and Swissotel. With his extensive previous experience in implementing property capital and repositioning plans, he is expected to play a key role in helping the company drive higher returns from its core hotels.
Prior to joining Host Marriott, Boettger served as a principal with a hospitality advisory firm that specialized in value enhancement strategies for hotel assets. Previously, he was an associate director of operations at a hotel management company that specialized in distressed hotels ranging in size from 100 to 2,000 rooms.
A frequent speaker at industry conferences and events, including The
Americas Lodging Investment Conference and The Lodging Conference, he is
a past president and board member of the Hospitality Asset Managers Association
(HAMA). He also is a member of the Urban Land Institute and the Hotel
Arlington, Va.-based MeriStar Hospitality Corporation owns 82 principally upscale, full-service hotels in major markets and resort locations with 22,436 rooms in 23 states, the District of Columbia and Canada. The company owns hotels under such internationally known brands as Hilton, Sheraton, Marriott, Westin, Doubletree and Radisson.
This press release contains forward-looking statements about MeriStar Hospitality Corporation, including those statements regarding future operating results, the timing and composition of revenues and expected proceeds from asset sales, among others.
VP, Strategic Planning & Analysis
Web site: www.meristar.com
|Also See:||Management Changes Take Place at MeriStar Hospitality and Interstate Hotels & Resorts / Nov 2002|
|MeriStar to Spend Approximately $225 million On Renovations At Its Core 73 Hotel Properties Over the Next Two Years; Taking Advantage of Size and Scale to Accelerate Renovations and Reduce Costs / February 2004|
|Hoyt Bacon Promoted to Chief Marketing Officer at MeriStar Hotels & Resorts / July 2001|