ARLINGTON, VA—Interstate Hotels & Resorts (NYSE: IHR), a leading hotel real estate investor and the nation’s largest independent management company, announces that Chris Shackelton has been elected to its board of directors, bringing the total number of directors to nine.Shackelton is a managing partner and co-founder of Coliseum Capital Management, LLC, currently Interstate’s largest shareholder with 3.7 million shares held, or approximately 12 percent of the company’s outstanding shares.
Coliseum is a private investment partnership that makes long-term investments in both public and private companies.
Prior to Coliseum, Shackelton was an analyst at Watershed Asset Management. Previously, he worked in the investment banking division of Morgan Stanley & Co.
“Chris’s impressive depth and breadth of experience encompasses a wide range of investment and financing activities, and he will be a valuable resource to our board,” said Thomas Hewitt, (top right photo) chief executive officer. “As Coliseum is our largest shareholder, Chris already is thoroughly knowledgeable about our company and will be able to make an immediate contribution.”
CONTACTS:
CONTACTS:
Julie Tullbane, Daly Gray Public Relations, T 703-435-6293, F 703-435-6297, julie@dalygray.com
Bruce Riggins, Chief Financial Officer, Interstate Hotels & Resorts, (703) 387-3344
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