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Senior Vice President, Corporate Controller.
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News for the Hospitality Executive |
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ARLINGTON, Va., June 17, 2009—Interstate Hotels & Resorts (OTC: IHRI), a leading hotel real estate investor and the nation’s largest independent management company, today announced that Michele Reing has joined the company as senior vice president and corporate controller. She will be responsible for corporate and joint venture accounting, financial reporting including SEC and Sarbanes Oxley compliance, corporate budgeting, forecasting and corporate audits, as well as act as the key liaison with the board of directors audit committee. She will report to Bruce Riggins, chief financial officer. “Michele has both public accounting and corporate accounting experience and in-depth experience in the hospitality industry,” said Riggins. “She adds to our senior management bench strength with a proven track record.” Prior to joining Interstate, Reing was chief financial officer and vice president of finance for CapStar Hotel Company, a hotel investment company. Previously, she was vice president and corporate controller for Analex Corporation. She held senior management positions with NVR, Inc., and MeriStar Hospitality Corporation. She began her career with the public accounting firm Deloitte & Touche, LLP. Reing is a board member of Calvary Women’s Services, a non-profit organization that provides housing and support services for homeless women. She holds a Bachelor of Science degree in Business Administration from the University of Maryland. About Interstate Hotels & Resorts Interstate Hotels & Resorts has ownership interests in 56 hotels and resorts, including seven wholly owned assets. Together with these properties, the company and its affiliates manage a total of 219 hospitality properties with nearly 45,000 rooms in 37 states, the District of Columbia, Russia, Mexico, Belgium, Canada and Ireland. Interstate Hotels & Resorts also has contracts to manage 16 to be built hospitality properties with approximately 4,000 rooms. For more information about Interstate Hotels & Resorts, visit the company’s Web site: www.ihrco.com. This
press release contains
“forward-looking statements,” within the meaning of the Private
Securities
Litigation Reform Act of 1995, about Interstate Hotels & Resorts,
including
those statements regarding future operating results and the timing and
composition of revenues, among others, and statements containing words
such as
“expects,” “believes” or “will,” which indicate that those statements
are
forward-looking. Except for historical
information, the matters discussed in this press release are
forward-looking
statements that are subject to certain risks and uncertainties that
could cause
the actual results to differ materially, including the volatility of
the
national economy, economic conditions generally and the hotel and real
estate
markets specifically, the war in Iraq, international and geopolitical
difficulties or health concerns, governmental actions, legislative and
regulatory changes, availability of debt and equity capital, interest
rates,
competition, weather conditions or natural disasters, supply and demand
for
lodging facilities in our current and proposed market areas, and the
company’s
ability to manage integration and growth.
Additional risks are discussed in Interstate Hotels &
Resorts’
filings with the Securities and Exchange Commission, including Interstate Hotels & Resorts’ annual report on
Form 10-K for the year ended |
| Contact:
Bruce Riggins Chief Financial Officer (703) 387-3344
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