08.02.2006 20:09:00
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Choice Hotels Hires Elaine Clancy, Vice President, Corporate & Real Estate Development
Ms. Clancy has more than 15 years of experience in real estatedevelopment, financing and investment banking. She joins Choice fromFerris, Baker Watts, Inc., where she was a senior vice president inthe Real Estate Capital Markets Group. While at Ferris, Baker Watts,Ms. Clancy worked with a number of real estate investment trusts andreal estate operating companies, completing over $1.5 billion intransactions.
"Elaine's proven real estate, development and finance skills willbe a tremendous asset to us, especially as we create and execute newbrand investment strategies to accelerate the growth of CambriaSuites," Squeri said.
Prior to joining Ferris, Baker Watts, Clancy was a co-founder andprincipal of Velasco Group, LLC, a private real estate and investmentand merchant-banking firm in Arlington, Virginia. Prior to Velasco,she was a senior vice president in the real estate investment bankingdepartment at Friedman, Billings, Ramsey & Co. Inc. and also served asthe chief financial officer of FBR Asset Investment Corporation. Whileat FBR, Clancy was involved in lead managing over $4 billion in realestate investment trust and specialty finance transactions. She earnedher MBA from Northwestern University's Kellogg School of Managementand her BBA from James Madison University.
About Choice Hotels International
Choice Hotels International is one of the world's largest lodgingfranchisors, marketing more than 5,000 hotels open or underdevelopment in more than 40 countries under the Cambria Suites,Clarion, Quality, Comfort Suites, Comfort Inn, Sleep Inn, MainStaySuites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Innbrand names. For more information on Choice, visit the company's website at www.choicehotels.com.
Choice Hotels, Choice Hotels International, Cambria Suites,Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, MainStaySuites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn areproprietary trademarks and service marks of Choice HotelsInternational.
(C) 2006 Choice Hotels International, Inc. All rights reserved.
Certain matters discussed in this press release may constituteforward-looking statements within the meaning of the federalsecurities law. Such statements are based on management's beliefs,assumptions and expectations, which in turn are based on informationcurrently available to management. Actual performance and resultscould differ from those expressed or contemplated by theforward-looking statements due to a number of risks, uncertainties andother factors, many of which are beyond Choice's ability to predict orcontrol. For further information on factors that could impact Choiceand the statements contained herein, we refer you to the filings madeby Choice with the Securities and Exchange Commission, including itsregistration statement on Form S-4 and report on Form 10-K for theyear ended December 31, 2004.
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