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Michael Pitstick and Steven Falciani Promoted to Regional
Vice President of Operations for Dow Hotel Company
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SEATTLE, Wash., December 1, 2008 — The Dow Hotel Company, LLC (DHC), a leading hotel owner and third-party management company, today announced it has promoted two of its senior general managers, Michael Pitstick and Steven Falciani, to the newly created position of regional vice president of operations.  Both positions will be based out of The Dow Hotel Company’s corporate office in Seattle.  Pitstick and Falciani each will be responsible for all operational aspects of the company-owned and managed hotels in their respective regions.  

“As we enter what may be the most difficult operating period since at least the early ‘90s, we believe that hotel owners will seek out experienced operators who have the depth and expertise to succeed in difficult times,” said Murray Dow, president of The Dow Hotel Company.  “In anticipation of the downturn in the economy, we began expanding our senior team earlier this year to not only operate our existing hotels better but to be prepared to quickly respond to the expected rise in third-party hotel management contracts coming to the market.  Combined, Mike and Steve have more than 40 years of hotel operations, food and beverage, and marketing experience that represent a significant competitive advantage for our properties.”

Michael Pitstick was promoted from general manager of the Bellevue (Washington) Hilton.  Previously, he served as DHC’s vice president of sales and marketing.  Prior to joining the company, he was vice president of sales and marketing at Carlson Companies, responsible for all sales and marketing functions for the hotel ownership and operating division.  Pitstick holds a restaurant, hotel and institutional management degree from Purdue University.

Steven Falciani was promoted from general manager and regional director of the 371-room Marriott Suites Anaheim, where he nearly doubled net operating income in a highly competitive market.  He formerly worked for Winegardner and Hammons, a large hotel management company, as general manager of the Marriott Suites in Clearwater Beach, Fla., where he led the market in overall revenue per available room penetration.  He graduated from Widener University with a Bachelor of Science degree in hotel and restaurant administration.

Seattle-based The Dow Hotel Company is a hotel owner and operator of first-class, full-service hotels with properties throughout the United States.  DHC is currently completing renovations at its Houston and Portland properties totaling more than $10 million.  The company’s portfolio of owned and managed properties consists of institutional-grade hotels, under such brands as Marriott, Hilton, Embassy Suites, Sheraton, and Crowne Plaza.  The company aggressively seeks to acquire, co-invest with joint venture partners and/or manage mid- to large-size, first-class, full-service hotels, especially those with extensive food and beverage capabilities.

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Contact:

Jerry Daly
Phone:  (703) 435-6293
jerry@dalygray.com

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