and Sean Dell’Orto as Vice President and Treasurer
|McLean, VA June 13, 2006 – Highland Hospitality Corporation (NYSE:HIH),
a lodging real estate investment trust, or REIT announced today the promotion
of two new Vice Presidents. Graham Wootten has been promoted to Vice
President and Corporate Controller, and Sean Dell’Orto has been promoted
to Vice President and Treasurer.
“We are pleased to announce these two promotions within our organization. Both Graham and Sean have been with Highland Hospitality since our IPO and have made valuable contributions to our growth and development as a company. Both associates have made strong improvements in their respective areas of responsibility and have enabled us to position our organization for continued growth,” said Douglas W. Vicari, Executive Vice President and Chief Financial Officer.
Mr. Wootten joined Highland in December of 2003 as Director – Accounting and Financial Reporting. Prior to joining Highland, Graham was a Senior Manager in audit and business advisory services with PricewaterhouseCoopers LLP where he spent nine years. He received his Bachelors of Science in Business Administration from John Carroll University in Cleveland, Ohio and is a CPA.
Mr. Dell’Orto joined Highland in July of 2003 as Director – Budgeting and Investor Relations. Prior to joining Highland, Sean worked for Barcelo Crestline, Crestline Capital and Host Marriott in various financial positions. Sean received his Bachelor of Science in Finance from The University of Virginia and recently completed his MBA studies at the University of Pennsylvania – Wharton School of Business.
Highland Hospitality Corporation is a self-advised lodging REIT focused on hotel investments primarily in the United States. The company currently owns 27 hotel properties with an aggregate of 8,410 rooms in 13 states, the District of Columbia and Mexico. Additional information can be found on the company’s website at www.highlandhospitality.com.
Certain statements and assumptions in this press release contain or are based upon “forward-looking” information and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. When we use the words “will likely result,” may,” “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” or similar expressions, we intend to identify forward-looking statements. Such forward-looking statements include, but are not limited to, the impact of the transaction on our business and future financial condition, our business and investment strategy, our understanding of our competition and current market trends and opportunities and projected capital expenditures. Such statements are subject to numerous assumptions and uncertainties, many of which are outside Highland Hospitality Corporation’s control. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.
Highland Hospitality Corporation
|Also See:||Highland Hospitality Corporation Acquiring the 240-room Melrose Hotel, Washington, D.C. for $76 million, Approximately $316,700 per Key / March 2006|
|Highland Hospitality Acquiring the 673-room Renaissance Nashville for $77 million, Approximately $114,000 per Key / February 2006|