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  Prism Hotels Conference Takes Hotel Servicers
�Fishing for Solutions�
Fourth annual Hotel Servicing Conference brings together industry
leaders, features keynote Address by FelCor�s CEO, Tom Corcoran



Dallas, TX, April 7, 2003 � Prism Hotels hosted its Fourth Annual Hotel Servicing Conference March 27-28 at the Embassy Suites Outdoor World Hotel in Dallas. The event provided industry insights, practical knowledge and networking opportunities for more than 100 leaders involved in servicing default hotel loans held in CMBS (Commercial Mortgage Backed Securities). 

The conference, which offered an intensive 2-day working agenda, allowed participants to examine strategies for protecting asset value in the current challenging market environment through a variety of seminars, panel discussions and interactive opportunities.

The working sessions addressed many of the challenges faced by Special Servicers, including:

  • Continuing Decline of Hotel Values
  • Backlog of Unresolved Defaults
  • Loss of Hotel Franchise
  • The Sarbannes-Oxley Act
  • Validity of Appraisals
  • REMIC Rule Interpretations
Steve Van, President and CEO of Prism, said: �This was our most successful conference to date, with representatives of top financial and hotel organizations from around the country exchanging valuable information and insights.�  He concluded, �We are especially grateful that FelCor�s Tom Corcoran could highlight our proceedings, sharing his usual wit, wisdom and experience.�

Corcoran, President and CEO of FelCor Lodging Trust (NYSE:FCH), the second largest hotel REIT, provided attendees with an overview of current industry trends and market conditions. 

Conference sponsors were a group industry-leading organizations, including The Plasencia Group, Thompson Calhoun Fair, Kilpatrick Stockton LLP, Jeffer Mangels Butler & Marmaro LLP, HVS International, Prism Hotels, Leo A. Daly, and Trammell Crow.

Dallas-based Prism Hotels, with approximately 50 properties in fifteen states, is the fastest-growing hotel management company in the country,* thanks to an entrepreneurial approach that provides owners with flexible, hands-on service and an uncompromising focus on profitability and results. Prism�s partners include industry-leading companies such as Winston Hotels, Sheraton, Hilton, GE Capital and GMAC. For more information, call (214)987-9300.

* Hotel Business, April 2002

Contact:
Michael Frenkel
MFC PR 212-808-6556
[email protected]

Also See Prism Hotels of Dallas Sells the 355-room Sheraton Capital Center - Raleigh for Approximately $21.4 million / March 2003


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