Press Release: FelCor Lodging Trust Incorporated
July 18, 2002
IRVING, TX -- FelCor Lodging Trust Incorporated (NYSE: FCH), one of the nation's largest hotel real estate investment
trusts (REITs), yesterday announced the appointment of Marsha Bonner as Risk Manager. Ms. Bonner, a certified insurance
counselor and risk manager, brings extensive experience in dealing with insurance, safety, loss control and claims
handling to FelCor.
Ms. Bonner was most recently with Wyndham Hotels in Dallas, where she was Director of Risk Management. In her seven-year
tenure with Wyndham, Ms. Bonner was responsible for procuring and managing insurance, ensuring compliance with
regulating agencies, and developing policies to mitigate losses.
"We are pleased to have Marsha join FelCor, and fill this newly created position. We continue to place an
increased emphasis on the containment of our insurance costs and mitigation of losses. Marsha's expertise in insurance
and risk management will be extremely beneficial to FelCor," said Richard J. O'Brien, FelCor's Executive Vice
President and Chief Financial Officer.
Ms. Bonner received a bachelor's degree in business administration from North East Missouri State University. Ms.
Bonner is a member of the Risk and Insurance Management Society.
FelCor is the only lodging REIT that owns a diversified portfolio of nationally branded, upscale and full-service
hotels managed by strategic brand managers such as Hilton Hotels, Six Continents Hotels, and Starwood Hotels &
Resorts. FelCor is competitively positioned to deliver superior shareholder returns through its strong management
team, strategic brand manager alliances, diversified upscale and full-service hotels, value creation expertise,
and financial strength. FelCor's hotel portfolio consists of 183 hotels with nearly 50,000 rooms and suites and
is concentrated primarily in the upscale and full-service segments. FelCor is the owner of the largest number of
Embassy Suites®, Crowne Plaza®, Holiday Inn® and independently owned Doubletree®-branded hotels.
Other leading hotel brands under which FelCor's hotels are operated include Sheraton Suites®, Sheraton®
and Westin®. FelCor has a current market capitalization of approximately $3.2 billion. Additional information
can be found on the Company's website at 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.
SOURCE: FelCor Lodging Trust Incorporated