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Senior Vice President and Treasurer |
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ARLINGTON, Va., September 13, 2004�Interstate Hotels & Resorts
(NYSE: IHR), the nation�s largest independent hotel management company,
today announced that Bruce Riggins has joined the company as senior vice
president and treasurer. In the position, he will oversee all treasury-related
functions, investor relations, planning and analysis and risk management.
Riggins previously was vice president of strategic planning and analysis for MeriStar Hospitality Corporation (NYSE: MHX). Prior to that, he was senior director of finance for both MeriStar and Interstate, when the two companies shared a number of senior-level executives in a paper-clipped REIT/C-Corp structure. �As we step up implementation of our hotel acquisition growth strategy through a private investment fund and other joint ventures, Bruce�s knowledge of the company and relationships with the investment community will be a valuable asset,� said Bill Richardson, chief financial officer. �Bruce�s first undertaking will be to complete the refinancing of our senior secured credit facility and subordinated term loan into a new senior secured credit facility.� A certified public accountant, Riggins previously worked for the accounting firm of Deloitte & Touche L.L.P. He is a graduate of Virginia Tech with a bachelor�s degree in accounting. Interstate Hotels & Resorts operates approximately 270 hospitality properties with more than 60,000 rooms in 40 states, the District of Columbia, Canada, Russia, and Portugal. |
Contact:
Melissa Thompson Vice President, Corporate Communications (703) 387-3377 www.ihrco.com |