to Chief Operating Officer of Interstate Hotels & Resorts
|ARLINGTON, Va., November 5, 2003 — Interstate Hotels & Resorts
(NYSE: IHR), the nation’s largest independent hotel management company,
today announced that Robert J. Morse has been promoted from president of
hotel operations to chief operating officer of the company. As COO,
Morse will continue to oversee the operations of more than 300 hotels Interstate
currently manages and will assume responsibility for additional departments.
Previously, Morse served as president of Millennium Hotels and Resorts,
the U.S. division of London-based Millennium and Copthorne Hotels plc.
“Bob has in-depth operational expertise and a proven track record with Interstate, as well as with other well-known operators,” said Steve Jorns, chief executive officer. “As the economic recovery begins to gain some traction, Bob will play a critical role in maximizing our owners’ profitability for the near-term and overseeing upgrades and capital projects for long-term returns.”
Morse originally joined MeriStar Hotels & Resorts, Interstate’s predecessor company, in 1999, as executive vice president of operations. Prior to that, Morse was president of the Homestead Village extended-stay brand, responsible for 125 operating units generating $220 million in revenue nationwide. Previously, he was president of the franchise division of ITT Sheraton Corp. and president of Four Points Hotels by Sheraton.
Morse received a bachelor’s degree in Hotel, Restaurant and Travel Administration from the University of Massachusetts. He is a trustee of the American Hotel & Lodging Association Educational Institute and an advisory board member of the UMass Hotel, Restaurant and Travel Administration Department.
Interstate Hotels & Resorts operates more than 300 hospitality properties with nearly 67,000 rooms in 42 states, the District of Columbia, Canada and Russia.
This press release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, about Interstate Hotels & Resorts, including those statements regarding future operating results and the timing and composition of revenues, among others, and statements containing words such as "expects," "believes" or "will,” which indicate that those statements are forward-looking.
Interstate Hotels & Resorts
|Also See:||Robert J. Morse: Millennium’s New President / Interview with GHG Chairman Jim Butler / JMBM / November 2000|
|Interstate Hotels & Resorts Posts a Third Qtr Net Loss of $378,000 Compared with a Loss of $19.4 million a Year Earlier; Adds 26 Management Contracts / October 2003|