Donald R. Trice Elected Vice Chairman, Crestline Hotels & Resorts, Inc.
Crestline Capital Corporation
In his new role, Mr. Trice will focus on the strategic planning and continued growth of Crestline Hotels & Resorts. Mr. Durbin will continue his role leading day-to-day operations of the management subsidiary. Both Messrs. Trice and Durbin will report to Bruce D. Wardinski, Crestline Capital's Chairman of the Board, President and Chief Executive Officer. Mr. Wardinski commented, "I had originally anticipated these expanded roles for Don and Dave when we launched Crestline Hotels & Resorts nearly a year ago. Don will bring his greatest strengths to developing industry relationships and guiding the strategy and growth of our business, while Dave will continue to lead and motivate our nearly 4,000 associates spread across the country. We are very fortunate to have two such talented industry veterans at the helm of our growing management subsidiary."
About the companies
Crestline Capital Corporation is the parent company of Crestline Hotels & Resorts, among the nation's leading independent hotel management companies, and is the owner of one of the nation's premier senior living community and hotel portfolios. Additional information about Crestline Capital Corporation is available at the company's web site: .
Crestline Hotels & Resorts manages and leases 34 hotels, resorts and conference and convention centers with over 6,500 rooms in eleven states and the District of Columbia. Crestline Hotels & Resorts manages properties independently and under such well regarded brands as Marriott, Hyatt, Hilton, Sheraton, Renaissance and Crowne Plaza. Additional information about the hotel management company is available at the company's web site: www.crestlinehotels.com .
Note: Certain matters discussed herein are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. Certain, but not necessarily all, of such statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "will," "should," "estimates" or "anticipates" or the negative thereof or comparable terminology. All forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual transactions, results, performance or achievements of the Company to be materially different from any future transactions, results, performance or achievements expressed or implied by such forward-looking statements. These may include: (i) national and local economic and business conditions or governmental regulations that will affect demand, prices, wages or other costs for hotels and senior living communities; (ii) the level of rates and occupancy that can be achieved by such properties; (iii) the Company's ability to compete effectively in areas such as access, location, quality of properties and rate structures; (iv) the ability to maintain the properties in a first-class manner (including meeting capital expenditure requirements); (v) the availability and terms of financing; (vi) governmental actions and initiatives including the REIT Modernization Act; and (vii) changes to the public pay systems for medical care and the need for compliance with environmental licensure and safety requirements. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions and business opportunities, it can give no assurance that its expectations will be attained or that any deviations will not be material. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.
Michael Chen
240-694-2191
Barcelo Crestline
