of Capital Transactions
|IRVING, Texas…May 5, 2005 – FelCor Lodging Trust Incorporated (NYSE:
FCH), one of the nation’s largest public hotel real estate investment
trusts (REITs), today announced the appointment of Erik Nylen as Vice President
of Capital Transactions. With more than 20 years in the hospitality
industry, Mr. Nylen has extensive experience in hotel and resort development,
acquisitions and asset management.
Mr. Nylen, 45, was most recently the principal in his own company, where he provided acquisition, investment and development advisory services. Prior to that, Mr. Nylen was with Radisson Hotels Worldwide and also has held various development, acquisition and asset management positions with Panthers Boca Hotel & Club Limited, Callaghan & Partners, LTD., Ruff Callaghan & Hemmeter and VMS Realty Partners.
"We are extremely pleased to have Erik join FelCor,” said Michael A. DeNicola, FelCor's Executive Vice President and Chief Investment Officer. “Erik has significant experience in resort and hotel development, acquisitions, asset management and is an excellent addition to our team."
Mr. Nylen received a Bachelor of Science degree in Hotel Administration from Cornell University.
FelCor is one of the nation’s largest public hotel REITs and the nation’s largest owner of full service, all-suite hotels. FelCor’s portfolio is comprised of 142 consolidated hotels, located in 31 states and Canada. FelCor owns 69 full service, all-suite hotels, and is the largest owner of Embassy Suites Hotels® and Doubletree Guest Suites® hotels. FelCor’s portfolio also includes 63 hotels in the upscale and full service segments. FelCor has a current market capitalization of approximately $3.0 billion. Additional information can be found on the Company’s Web site at www.felcor.com.
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 that are qualified by cautionary statements contained herein and in FelCor's filings with the SEC.
Monica L. Hildebrand
|Also See:||Michael A. DeNicola Named Executive Vice President and Chief Investment Officer for FelCor / December 2001|