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Article: MeriStar Hospitality, MeriStar Hotels & Resorts Announce Management Changes; Paul Whetsell Remains Chairman/CEO, John Emery Named President/COO of Both Companies.
- Article from:
- Business Wire
- Article date:
- September 24, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
WASHINGTON--(BUSINESS WIRE)--Sept. 24, 2001
MeriStar Hospitality Corporation (NYSE: MHX), the nation's third largest hotel REIT, and its sister company, MeriStar Hotels & Resorts (NYSE: MMH), today announced several management changes following the cancellation of a previously announced merger between MeriStar Hospitality and FelCor Lodging Trust (NYSE: FCH).
"While we are disappointed that the merger plans were terminated due to the recent tragic events and their resultant adverse impact on the economy and financial markets, the merger was not a matter of necessity for MeriStar or FelCor" said Paul W. Whetsell, who will remain ...