WestCoast Hospitality Corporation Announces the Hiring of Top Hospitality Industry Executive, Anupam Narayan, as Executive Vice
22 Noviembre 2004 - 1:12PM
PR Newswire (US)
WestCoast Hospitality Corporation Announces the Hiring of Top
Hospitality Industry Executive, Anupam Narayan, as Executive Vice
President SPOKANE, Wash., Nov. 22 /PRNewswire-FirstCall/ --
WestCoast Hospitality Corporation (NYSE:WEH) today announced that
it has hired Anupam Narayan as its Executive Vice President, Chief
Investment Officer. Mr. Narayan has nearly 25 years of experience
in the hospitality industry, chiefly in executive, strategic and
financial positions. From 1998 to March 2004, he served in various
capacities as an executive officer of Best Western International
Inc., including his most recent position as Senior Vice President,
Global Brand Management and Chief Financial Officer and a three-
month period as Acting President and Chief Executive Officer during
2002. From 1985 to 1998, Mr. Narayan was employed by Doubletree
Corporation and Red Lion Hotels, Inc., serving as Senior Vice
President and Treasurer immediately prior to his move to Best
Western. Arthur Coffey, President and Chief Executive Officer of
WestCoast Hospitality Corporation, said, "We are absolutely
delighted to have Anupam join our executive team. He brings with
him an outstanding professional reputation and an extensive
background in the hospitality industry. His previous experience
with our Red Lion brand will give him an immediate ability to
positively influence our strategy and operations." Mr. Narayan will
also be appointed to the position of Chief Financial Officer being
vacated by Peter Hausback, who is leaving the company to pursue
other opportunities. Mr. Hausback has agreed to remain with the
company through January 15, 2005, to facilitate a smooth
transition. "Peter has provided key oversight of the company's
financial and accounting operations since I became CEO in early
2003," said Mr. Coffey. "He will be missed and we wish him the best
in his new endeavors." Mr. Narayan's hire makes him the latest of
several talented executives to join WestCoast Hospitality
Corporation's senior team over the last 14 months. In August 2004,
Anthony Dombrowik, the company's principal accounting officer, was
promoted to Vice President, Corporate Controller. In April 2004,
hospitality industry veteran William Heaney joined the company as
Vice President, Sales. Thomas McKeirnan was promoted to Vice
President, General Counsel in January 2004, and long-time operating
officer John Taffin re-joined the company as Executive Vice
President, Hotel Operations in September 2003. "I am excited to be
able to join WestCoast Hospitality Corporation during a time of so
much opportunity," said Mr. Narayan. "The company has assembled a
highly knowledgeable and dynamic management team. I am very much
looking forward to working with my new colleagues to promote the
company's growth and build the company's shareholder value through
maximizing the return on all the company's assets, including its
Red Lion brand." WestCoast Hospitality Corporation is a hospitality
and leisure company primarily engaged in the ownership, management,
development and franchising of mid-scale, full service hotels under
its WestCoast(R) and Red Lion(R) brands. In addition, through its
entertainment division, which includes its TicketsWest.com, Inc.
subsidiary, it engages in event ticket distribution and promotes
and presents a variety of entertainment productions. G&B Real
Estate Services, its real estate division, engages in traditional
real estate-related services, including developing, managing and
brokering sales and leases of commercial and multi-unit residential
properties. This press release contains forward-looking statements
within the meaning of federal securities law, including statements
concerning plans, objectives, goals, strategies, projections of
future events or performance and underlying assumptions (many of
which are based, in turn upon further assumptions). The
forward-looking statements in this press release are inherently
subject to a variety of risks and uncertainties that could cause
actual results to differ materially from those expressed. Such
risks and uncertainties include, among others, matters discussed in
the company's annual report on Form 10-K for the 2003 fiscal year
and in other documents filed by the company with the Securities and
Exchange Commission. Contact: Julie Langenheim Title: Executive
Services and Investor Relations Manager Phone: 1-509-459-6100
Internet: http://www.westcoasthotels.com/
http://www.ticketswest.com/ http://www.redlion.com/
http://www.g-b.com/ DATASOURCE: WestCoast Hospitality Corporation
CONTACT: Julie Langenheim, Executive Services and Investor
Relations Manager of WestCoast Hospitality Corporation,
+1-509-459-6100 or Web site: http://www.westcoasthotels.com/
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