News for the Hospitality Executive
FelCor Names Donald J. Falgoust as
Vice President Food & Beverage
|IRVING, Texas…February 14, 2008 – FelCor Lodging Trust
Incorporated (NYSE: FCH), today announced Donald J. Falgoust as Vice President
Food & Beverage, a newly-created position.
Mr. Falgoust, 49, was most recently with Remington Hotel Corporation as Corporate Director of Food & Beverage. Prior to Remington, Mr. Falgoust was with Wyndham International from 1998 to 2005 in various management roles, including Regional Director of Food & Beverage. A 20-year hospitality veteran, Mr. Falgoust has served in many capacities throughout his career including management positions with Global Hyatt Corporation and InterContinental Hotels and Resorts.
Mr. Falgoust will work with FelCor’s asset management group to improve the quality, revenue and profit margins of food and beverage operations in the company’s hotels. He will continue the efforts to work with the brand operators to seek opportunities to enhance the value of the company’s food and beverage operations including developing new concepts, identifying potential return on investment projects, improving purchasing programs and implementing best practices.
"I have had the pleasure of working with Don for many years and he brings a wealth of knowledge and experience to FelCor,” said Troy A. Pentecost, FelCor's Executive Vice President of Asset Management. “His addition to the Asset Management team will further our shift to a more involved partnership with the brand operators to effect change and improve shareholder value.”
Mr. Falgoust received a Bachelors Degree in Hotel & Restaurant Administration from the University of Southern Mississippi.
FelCor, a real estate investment trust, is the nation’s largest owner of upper upscale, all-suite hotels. FelCor’s portfolio is comprised of 85 consolidated hotels and resorts, located in 23 states and Canada. FelCor’s portfolio consists mostly of upper upscale hotels, which are flagged under global brands such as Embassy Suites Hotels®, Doubletree®, Hilton®, Renaissance®, Sheraton®, Westin® and Holiday Inn®. FelCor has a current enterprise value of approximately $2.8 billion. Additional information can be found on the Company’s Web site at www.felcor.com.
Stephen A. Schafer
|Also See:||Tom Corcoran Appointed as Chairman of the Board of FelCor Lodging Trust / February 2006|
|FelCor Lodging Trust Acquires The Renaissance Vinoy Resort & Golf Club, St. Petersburg, Florida and the Renaissance Esmeralda Resort & Spa, Indian Wells, California for $225 million / December 2007|