FelCor Names Troy A. Pentecost EVP of Asset Management
IRVING, TX, March 9, 2006. FelCor Lodging Trust Incorporated (NYSE:FCH), today announced Troy A. Pentecost as Executive Vice President and Director of Asset Management. Mr. Pentecost, 44, was most recently with Remington Hotel Corporation as Senior Vice President of Operations and Divisional Vice President of Operations. In his role, he was responsible for the company's Operational and Sales activity. Prior to Remington, Mr. Pentecost was with Wyndham International in various management roles including Regional Vice President, Area Director and General Manager, from 1993 to 2004. A 25-year hospitality veteran, Mr. Pentecost also previously worked with Guild Hotel Management Company where he served as Regional Vice President and Director of Operations.
"We are pleased to name Troy as our Executive Vice President of Asset Management. His career and success in the hospitality industry will be a strong addition to the FelCor management team," said Richard A. Smith, FelCor's President and Chief Executive Officer. "I expect Troy to partner with me in the execution of our strategic plan to reposition our portfolio to take advantage of revenue opportunities in today's market. This, coupled with the continued emphasis on leveraging our brand relationships, should result in improved shareholder value."
Mr. Pentecost received an Associate's Degree in Business from Lansing Community College. His board appointments include former Secretary and Treasurer of the Tampa Bay Hillsboro County Hotel and Motel Association.
The Company also reported that Mr. Jack Eslick will be leaving FelCor at the end of the quarter to pursue other interests. In his role as Senior Vice President and Director of Asset Management, Mr. Eslick was instrumental in building FelCor's portfolio from 34 hotels in 1996 to 117 hotels today. During his tenure, FelCor grew from a market capitalization of $800 million to $3.3 billion. Mr. Eslick was part of FelCor's executive team, reporting to Richard A. Smith.
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