Strategic Creates Senior European Position
AUGUST 21, 2007. Strategic Hotels & Resorts (NYSE:BEE) announced the appointment of Sir David M. C. Michels, 61, a member of the company's board of directors, to the newly created consulting position of Senior European Strategist.
In this capacity, Michels will coordinate and advance the company's European strategy. Michels will retain his board position, however will resign from all committees and relinquish associated responsibilities, including his role as Chairman of the Compensation Committee.
Michels has spent 37 years in the leisure industry, primarily in hotels. He currently sits on the board of directors of The British Land Company plc, easyJet plc and Marks & Spencer plc. From 2000 until 2006, he was CEO of Hilton Group plc and from 1999 to 2000, he was CEO of Hilton International. Michels was a non-executive director of Hilton Hotels Corporation from 2000 to 2005 and served as CEO of Stakis plc from 1991 to 1999.
Laurence Geller, chief executive officer of Strategic Hotels & Resorts, commented, "Europe has always been a vital component of this company's overall strategic plan. We are thrilled to capitalize on Sir David's impressive depth of hotel experience, unsurpassed reputation, contacts and influence that he will bring to this role. With his concentrated efforts on both our existing properties and the burgeoning European marketplace, our corporate senior management team can focus its attention more completely on the broad range of opportunities and project execution in our North American portfolio, with the confidence that, under Sir David's aegis, we are improving and strategically considering the expansion of our European business."
Michels will continue to reside and establish his base for Strategic Hotels & Resorts' operations in London.
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 
