News for the Hospitality Executive
Peter T. Cyrus Named Lodgian's Interim President
Replacing Edward J. Rohling
|ATLANTA, Ga., February 4, 2008—Lodgian, Inc. (Amex: LGN),
one of the nation’s largest independent owners and operators of full-service
hotels, today announced that Peter T. Cyrus, who has served as a member
of Lodgian’s board of directors since his election in April 2007, has been
named interim president and chief executive officer, and W. Blair Allen
has been elected to Lodgian’s board of directors. Concurrently, the
company announced that Edward J. Rohling had resigned from his positions
as president, chief executive officer and a member of the company’s board
of directors, effective January 29, 2008.
Peter Cyrus has over 30 years of experience in the hospitality industry.
He is a managing partner and co-founder of Montclair Hotel Investors, Inc.,
a hotel investment and management company based in suburban Chicago.
Prior to forming Montclair Hotel Investors, Inc. in 1995, he was a senior
vice president of Lazard Freres & Company, where he directed the Real
Estate Group’s Chicago office and also headed the firm’s Hospitality Group
on a world-wide basis.
Cyrus studied business administration at the University of Arizona and John Carroll University. He has been a senior member of the Urban Land Institute since 1978. He holds the designation of Certified Review Appraiser (CRA) from the National Association of Review Appraisers.
“Peter’s vast experience in ownership, development and management of hotels, as well as his relationships with most of the major hotels brands, will serve Lodgian well,” Brown said.
Since 2004, W. Blair Allen has been the president of Robert M. Goff
& Associates, a real estate development and management company in Little
Rock, Ark., with an emphasis on the hospitality industry. Prior to
his service as president, he was chief financial officer from 1996 until
2004. Previously, he was a commercial loan officer with Regions Bank
from 1995 until joining Robert M. Goff & Associates in 1996, and was
a commercial loan officer and credit analyst with Worthen Bank from 1994
|Also See:||Edward Rohling Elected CEO and Board Member at Lodgian; Thomas Parrington Steps Down Under Transition Plan / September 2005|
|Lodgian Temporarily Suspends Discussions with Interested Suitors; Implements Share Repurchase Program, Continues With Plan for the Sale of Certain Hotels / August 2007|