Richard J. O’Brien Resigns
|IRVING, Texas…April 27, 2004 - FelCor Lodging Trust Incorporated (NYSE:
FCH) today announced the resignation of Richard J. O’Brien, its Executive
Vice President and Chief Financial Officer since 2001. Mr. O’Brien left
FelCor to pursue other opportunities as of April 23, 2004.
“Rick joined FelCor almost three years ago and during his tenure provided many positive contributions to the company, including substantial improvements to financial measurements, management of external communications, and excellent liquidity for the Company’s growth,” said Thomas J. Corcoran, Jr., FelCor’s President and CEO. “We wish Rick continued success in his future endeavors.”
FelCor is the nation’s second largest lodging REIT and the largest owner of full service, all-suite hotels. FelCor’s consolidated portfolio is comprised of 156 hotels, located in 33 states and Canada.
With the exception of historical information, the matters discussed in this news release include “forward looking statements” within the meaning of the federal securities laws.
Thomas J. Corcoran, Jr.
President and CEO
|Also See:||Richard J. O'Brien Named Chief Financial Officer and Executive Vice President at FelCor Lodging Trust / June 2001|
|FelCor Reports 2003 Net Loss of $337 million Compared to the Prior Year Net Loss of $205 million; Hotel Portfolio RevPAR for the Full Year 2003 Declines 4.4% Compared to 2002, Occupancy Decreased to 62.4% / February 2004|