News for the Hospitality Executive
Barcelo Crestline Corporation Announces the Promotion of
| FAIRFAX, Va., October. 27, 2009 - Bruce
Wardinski, President and CEO of Barcelo Crestline Corporation, today
announced the promotion of Mr. James Carroll to Chief Operating Officer
of Crestline Hotels & Resorts.
Mr. Carroll was formerly the Chief Financial Officer for Barcelo Crestline Corporation. In his new position Mr. Carroll will lead the executive management team for Crestline Hotels & Resorts, and under his direction several additional hotel operations oversight positions are expected to be announced in the coming month. Barcelo Crestline Corporation is the parent company of Crestline Hotels & Resorts, Inc. which manages 66 hotels in 13 states and the District of Columbia, and is among the top 10 hospitality management companies in the U.S.
"James has made a significant contribution to the ongoing growth and success of our companies," said Bruce Wardinski, President & CEO of Barcelo Crestline Corporation. "We are confident that under his leadership we will be able to accelerate the growth of Crestline Hotels & Resorts while continuing to bring exceptional results to our owners and partners."
Mr. Carroll joined Barcelo Crestline in 2004 from Dell, Inc., where he held several operations and financial management positions. During his tenure at Barcelo Crestline, Mr. Carroll served as Senior Vice President & Treasurer, and in 2006 was promoted to Chief Financial Officer. In addition to leading the financial team at Barcelo Crestline and Crestline Hotels & Resorts, Mr. Carroll was closely involved in the formation of Playa Hotels & Resorts, an international private equity real estate venture. He has assisted in raising over $580 million of equity, and led the teams responsible for obtaining over $835 million of corporate and property level debt financing for international projects.
Mr. Carroll holds a Masters Degree in Business Administration from the Harvard Business School. He is a graduate of the US Naval Academy and completed Naval Flight Training in Pensacola, FL and Kingsville, TX. Previously, he served as a Naval Aviator and Lieutenant Commander in the United States Navy.
About the Companies
Barcelo Crestline Corporation
In June of 2002, Crestline Capital Corporation merged with Barcelo Corporacion Empresarial --owner of Barcelo Hotels & Resorts. After the merger, Crestline Capital Corporation became a wholly owned subsidiary of Barcelo Corporacion Empresarial and changed its name to Barcelo Crestline Corporation. Based in Palma de Mallorca Spain, Barcelo Corporacion Empresarial, together with its affiliates, is one of the world's largest hospitality companies. Today, Barcelo Crestline Corporation leases 19 limited-service hotels and subleases 71 limited-service hotels. The privately owned company has significant equity interests in several upscale hotels and is parent to Crestline Hotels & Resorts, Inc., which is among the nation's 10 largest independent hospitality management companies. The company also asset manages the entire portfolio of all-inclusive resort properties for Playa Hotels & Resorts, S.L., a privately held Spanish company which currently owns resorts in Mexico and the Dominican Republic. Additional information can be found at the company's web site at; www.barcelocrestline.com.
Crestline Hotels & Resorts, Inc.
Crestline Hotels & Resorts, Inc. is one of the nation's largest independent hospitality management companies. Founded in 2000, the
company presently manages 66 hotels, resorts and conference and convention centers with nearly 14,000 rooms in 13 states and the District of Columbia. Crestline Hotels & Resorts manages 13 independent properties in major US markets including Atlanta, Chicago, Houston, Los Angeles and Washington D.C. Crestline also manages properties under such well-regarded brands as Marriott, Hilton, Westin, Renaissance, Sheraton, Crowne Plaza and Wyndham. For more information visit: www.crestlinehotels.com.
Note: Certain matters discussed herein are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. Certain, but not necessarily all, of such statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "will," "should," "estimates" or "anticipates" or the negative thereof or comparable terminology. All forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual transactions, results, performance or achievements of the Company to be materially different from any future transactions, results, performance or achievements expressed or implied by such forward-looking statements.
These may include: (i) national and local economic and business conditions or governmental regulations that will affect demand, prices, wages or other costs for hotels; (ii) the level of rates and occupancy that can be achieved by such properties; (iii) the Company's ability to compete. SOURCE Barcelo Crestline Corporation
Crestline Hotels & Resorts, Inc.