President and COO Joe Squeri Leaving Choice
SILVER SPRING, MD, January 30, 2007. Choice Hotels International (NYSE: CHH) today announced that Joseph M. Squeri, president and chief operating officer, is leaving the company and will pursue other professional opportunities.
Since joining the company in 1997 as vice president, finance and controller, Mr. Squeri has served in a number of positions of increasing scope and responsibility, including treasurer, chief financial officer, and executive vice president of operations.
"Joe made important contributions to the company during his tenure," said Charles A. Ledsinger, Jr., vice chairman and CEO. "I will miss working with him on a day-to-day basis, but I respect and support his desire to pursue other business interests at this point in his career."
"Choice has a high-caliber leadership team and incredible bench strength and depth in terms of management talent," said Ledsinger, who noted that Squeri's responsibilities will be allocated among the executive leadership team. "In addition, our exceptional financial strength, sound business strategies, and brand-centric structure further enhance our ability to leverage our core strengths and take advantage of opportunities for continued growth, innovation and leadership in the lodging industry."
Choice's new organizational structure, which became effective January 1, 2007, consists of brand-category management teams, which include the company's upscale and extended stay market brands (Cambria Suites, MainStay Suites and Suburban Extended Stay Hotels), mid-market brands (Comfort Inn, Comfort Suites and Sleep Inn), full-service market brands and international operations (Quality Inn, Clarion, Clarion Collection and the company's international division), and the economy market brands (Econo Lodge and Rodeway Inn).
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
