Hotel Online  Special Report


advertisement
..
..
 Jerry H. Herman Resigning as President and CEO
of Arlington Hospitality

.

ARLINGTON HEIGHTS, Ill., November 29, 2004 — Arlington Hospitality, Inc. (Nasdaq/NM: HOST), a hotel development and management company, today announced that Jerry H. Herman has stepped down from the board of directors effective immediately but will remain as the company’s president and CEO until the end of 2004.

“It has been a pleasure working with Jerry these past two years,” said Kenneth M. Fell, Arlington’s chairman of the board. “Along with the board, he helped develop a new strategy and chart a progressive course that has led the company through a difficult downturn in the industry.

Arlington now has a more solid foundation, and the company is in a good position to move forward, just as the industry recovery is gaining momentum. We appreciate all of his efforts on behalf of our employees and shareholders, and wish him well in his new endeavors. Arlington’s board of directors has formed a committee to oversee the search for Herman’s replacement, and plans to engage a national search firm in the near future to assist us in finding a successor.”

“We have made progress in implementing our new strategy and business plan for Arlington, and I believe the company is now in a better position to return to the path of growth,”

Herman said. “I have commuted from my home in Washington, D.C. these past two years, and for personal reasons I cannot relocate to Chicago at this time. It has been a pleasure to work with the board to create a new strategic vision for Arlington and to work with the great team of 800 associates in our corporate headquarters and at our hotels.”

About Arlington Hospitality
Arlington Hospitality, Inc. is a hotel development and management company that builds, operates and sells mid-market hotels. Arlington is the nation’s largest owner and franchisee of AmeriHost Inn hotels, a 106-property mid-market, limited-service hotel brand owned and presently franchised in 20 states and Canada by Cendant Corporation (NYSE: CD). Currently, Arlington Hospitality, Inc. owns or manages 51 properties in 15 states, including 48 AmeriHost Inn hotels, for a total of 3,672 rooms, with additional AmeriHost Inn & Suites hotels under development.

This press release may contain forward-looking statements. 


 
Contact:
 James B. Dale, Chief Financial Officer
847-228-5401 x 361
jimdale@arlingtonhospitality.com
Also See: Jerry Herman Appointed President, CEO and Director at Arlington Hospitality, Inc. / December 2002
Arlington Hospitality Garners HVS ‘Top Board’ Award; Arlington’s Herman, Belmonte Accept Lodging Leadership Award at 26th Annual NYU International Hospitality Industry Conference / July 2004


To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.