IRVING, Texas, Dec. 15 /PRNewswire-FirstCall/ -- FelCor Lodging Trust Incorporated , one of the nation's largest hotel real estate investment trusts (REITs), today announced the resignation of June C. McCutchen as Senior Vice President, Director of Design and Construction, effective December 31, 2006. Ms. McCutchen is leaving FelCor to start a consulting business.
Ms. McCutchen, 51, joined FelCor in 1995. With more than 23 years of experience in the hotel industry, Ms. McCutchen specialized in hotel capital improvements, including renovations, product improvement plans and brand conversions for FelCor. For more than 10 years, she was responsible for hundreds of millions of dollars spent in capital improvement across the Company's portfolio. During her tenure with FelCor, Ms. McCutchen led a team of professional project managers and engineers.
Prior to joining FelCor, Ms. McCutchen was project director with American General Hospitality, where she managed all capital improvement work for more than 35 properties each year. Prior to 1992, she was project manager for Hilton Hotels, Inc., for four years, and prior to 1987, she served as design coordinator and purchasing manager for Embassy Suites, Inc.
"I want to thank June for her 11 years of service to FelCor. For more than a decade, she successfully directed the design, renovation and capital improvements for our portfolio. She delivered exceptional work and was focused always on creating attractive places for our guests to stay," said Richard A. Smith, FelCor's President and CEO. "We wish June the best with her new business venture and look forward to partnering with her on future projects."
FelCor is the nation's largest owner of full service, all-suite hotels. FelCor's portfolio is comprised of 94 hotels, located in 26 states and Canada. FelCor owns 64 full service, all-suite hotels, and is the largest owner of Embassy Suites Hotels and Doubletree Guest Suites(R) hotels. FelCor's hotels are flagged under global brands such as Embassy Suites Hotels, Doubletree(R), Hilton(R), Sheraton(R), Westin(R) and Holiday Inn(R). FelCor has a current market capitalization of approximately $3.2 billion. Additional information can be found on the Company's Web site at http://www.felcor.com/ .
With the exception of historical information, the matters discussed in this news release include "forward looking statements" within the meaning of the federal securities laws that are qualified by cautionary statements contained herein and in FelCor's filings with the Securities and Exchange Commission.
