|Chicago, IL., April 14, 1998 -- Representatives of the U.S.
lodging industry today announced the formation of The Lodging Industry
Investment Council to serve as a forum for the exchange of information
and ideas related to lodging development, finance and investment. The Council
is composed of 42 executives from the industryís leading financiers, investors,
owners, operators and consultants.
"The lodging industry needs a reliable, objective source of information and candid views concerning critical issues facing the industry," said Francis J. Nardozza, chairman of the newly formed group and National Hospitality Industry Director for KPMG Peat Marwick, LLP. "The Lodging Industry Investment Council will address significant industry issues such as the threat of overbuilding, shifts in property values, REITs, market research and investment analysis techniques, future availability of capital, and consolidation."
The five objectives of The Lodging Industry Investment Council are:
Membership to the Council is by invitation. Those interested in membership information should contact: