| IRVING, Texas, Oct. 19, 1999 - FelCor Lodging Trust Incorporated (NYSE:
FCH), one of the nation's largest hotel real estate investment trusts (REITs),
today announced that its Senior Vice President and Chief Financial Officer,
Randy Churchey, will be leaving FelCor on October 31, 1999 to become the
President and Chief Operating Officer of RFS Hotel Investors, Inc.
"We are grateful for all Randy has done in the past two years," said
Thomas J. Corcoran, Jr., FelCor's President and Chief Executive Officer.
"He has contributed greatly to the growth of FelCor and we wish him success
in his new endeavor." FelCor is beginning the search for a new Chief Financial
Officer.
Mr. Corcoran stated that the Company is finalizing its third quarter
financial statements and expects results for the quarter ended September
30, 1999 to be in line with expectations. Mr. Corcoran further confirmed
that the Company intends to announce its third quarter earnings on November
2, 1999.
FelCor's hotel portfolio consists of 188 hotels and nearly 50,000 rooms
and suites and is concentrated primarily in the upscale and full-service
segments. |
