BNET Industries

Last Fiscal Year Sales:$286.7M
  • Public
  • US
Dow Jones Description

Innkeepers USA Trust (INKPP.PK) is a real estate investment trust (REIT) and a leading owner of upscale and extended-stay hotel properties throughout the United States. We own interests in 75 hotels with approximately 10,200 rooms in 20 states and the District of Columbia. We focus on acquiring and/or developing upscale and extended-stay hotel properties with premium brands and the rebranding and repositioning of other hotel properties. Island Hospitality now manages 74 of the 75 hotels.

President & CEO
Tim Walker
Number of Employees 36
Contact Information

340 Royal Poinciana Way Ste 306

Palm Beach, Florida 33480

www.innkeepersu...

(561) 835-1800

NAICS Code : 525930

News & Analysis

innkeepers usa trust - All News and Analysis

Decision Makers

Name (plus bio) Position
Tim Walker President & CEO
David Bulger CFO, Executive Vice President & Treasurer
Dennis M. Craven Chief Financial Officer
Michael Panzer Senior Vice President of Construction, E
Richard A Mielbye Senior Vice President, Development
Bob Martin Vice President Construction, Eastern Region
Linda Price Vice President and Controller
Michael Nielson Vice President Construction, Western Region
Richard F Fenton Vice President of Financial Planning and Analysis
Joel F Zemans
Mark Murphy General Counsel & Secretary
Randall A. Churchey Director

Board of Directors

Name (plus bio) Position
Randall L. Churchey Chair
Eric L. Press Board of Directors
Jack P. DeBoer Board of Directors
Joel F. Zermans Board of Directors
Miles Berger Board of Directors
Rolf E. Ruhfus Board of Directors

Organization Position Status
Innkeepers USA Trust President & CEO Current

Organization Position Status
Innkeepers USA Trust CFO, Executive Vice President & Treasurer Current

Organization Position Status
Innkeepers USA Trust Chief Financial Officer Current

Organization Position Status
Innkeepers USA Trust Senior Vice President of Construction, E Current

Organization Position Status
Innkeepers USA Trust Senior Vice President, Development Current

Organization Position Status
Innkeepers USA Trust Vice President Construction, Eastern Region Current

Organization Position Status
Innkeepers USA Trust Vice President and Controller Current

Organization Position Status
Innkeepers USA Trust Vice President Construction, Western Region Current

Organization Position Status
Innkeepers USA Trust Vice President of Financial Planning and Analysis Current

Organization Position Status
Innkeepers USA Trust Current

Organization Position Status
Innkeepers USA Trust General Counsel & Secretary Current
Innkeepers USA Trust Board of Directors Current

Organization Position Status
Innkeepers USA Trust Chair Current

Eric L. Press has been a director of Affinion since October 17, 2005. Mr. Press is a partner of Apollo Management, L.P. He has been employed with Apollo Management, L.P. since 1998 and has served as an officer of certain affiliates of Apollo Management, L.P. From 1992 to 1998, Mr. Press was associated with the law firm of Wachtell, Lipton, Rosen & Katz specializing in mergers, acquisitions, restructurings and related financing transactions. Mr. Press serves on several boards of directors, including Metals USA, Inc., Noranda Aluminum, Inc., Oceania Cruise Holdings, Inc. and Quality Distribution, Inc. From 1987 to 1989, Mr. Press was a consultant with The Boston Consulting Group.

Organization Position Status
Apollo Management L.P. Partner Current
Noranda Aluminum, Inc Director of Noranda Holdco and Noranda Acquisitionco Current
Quality Distribution, Inc. Director of Qdi Current
Prestige Cruise Holdings Board of Directors Current
Harrah's Entertainment, Inc. Board of Directors Current
Innkeepers USA Trust Board of Directors Current
Verso Paper Holdings LLC Board of Directors Current
Metals USA, Inc. Director Current
Noranda Aluminum Holding Corporation Board of Directors Current
Noranda Aluminum, Inc Board of Directors Current
Affinion Group Director Current
Metals USA Holdings Corp. Board of Directors Current
Quality Distribution, Inc. Board of Directors Current
Apollo Management L.P. Officer Former
Wachtell, Lipton, Rosen & Katz Associate Former
Harvard College A.B. In Economics Former
Yale Law School A.B. In Economics Former

Organization Position Status
Innkeepers USA Trust Board of Directors Current

Organization Position Status
Innkeepers USA Trust Board of Directors Current

Organization Position Status
Innkeepers USA Trust Board of Directors Current

Mr. Churchey is currently the Chief Executive Officer of Great Wolf Resorts (Nasdaq: WOLF). Previously he was, from 1999 until its sale in 2003, the Director, President and Chief Operating Officer of RFS Hotel Investors (NYSE:RFS), an owner and manager of 58 hotels. Mr. Churchey currently serves as Director of Innkeepers USA Trust (NYSE:KPA) and Education Realty Trust (NYSE: EDR). He was the CEO of Golden Gate National Senior Care, the successor entity to Beverly Enterprises. Prior to joining RFS (1997-1999), Mr. Churchey was Senior Vice President and CFO of FelCor Lodging Trust, a publicly traded hotel REIT with a total market capitalization (at the time) of over $3 billion. In that capacity, he was responsible for FelCor's capital market activities and the supervision of all financial, treasury, investor relations and reporting functions. For approximately 15 years prior to joining FelCor, Mr. Churchey held various positions in the audit practice of Coopers & Lybrand, LLP, including Chairman of the firm's Hospitality and Real Estate practice for the Southwestern United States. Mr. Churchey holds a B.S. degree in accounting from the University of Alabama and is a C.P.A.

Organization Position Status
Great Wolf Resorts, Inc. Chief Executive Officer Current
McR Development LLC Co-Chairman Current
Innkeepers USA Trust Director Current
Education Realty Trust, Inc. Director Current
FelCor Lodging Trust Incorporated CFO Former
FelCor Lodging Trust Incorporated Senior Vice President Former
The University of Alabama B.S. Degree In Accounting Former

Rolf E. Ruhfus . In June 1997, we acquired six hotels (the Summerfield Hotels ) from affiliates of Rolf E. Ruhfus (the Summerfield Group ). Following the acquisition of the Summerfield Hotels, Mr. Ruhfus joined our board of trustees. Due to the potential adverse tax consequences to members of the Summerfield Group that may result from a sale of the Summerfield Hotels, conflicts of interest may exist between us and Mr. Ruhfus regarding transactions involving the Summerfield Hotels that could trigger adverse tax consequences to some or all of the Summerfield Group. Mr. Ruhfus and certain of his affiliates have in the past, and continue to be, involved in the development of hotels. An entity controlled by Mr. Ruhfus also owns the Sierra Suites brand, which is an upscale extended-stay hotel brand founded by Mr. Ruhfus. Affiliates of Mr. Ruhfus own and/or operate several Sierra Suites hotels and Summerfield Suites hotels, and are developing hotels under other brands. Hotels developed by Mr. Ruhfus may compete with our hotels for guests and companies with which Mr. Ruhfus is affiliated may compete with us for acquisition opportunities and for qualified employees. Accordingly, our interests and those of Mr. Ruhfus could be different in connection with matters relating to our hotels or proposed acquisitions that are competitive with hotels owned or being considered for acquisition or development by affiliates of Mr. Ruhfus.

Organization Position Status
Innkeepers USA Trust Board of Directors Current

Executive News

  • Innkeepers USA Trust Suspends Payment of Second Quarter 2009 Dividend on 8% Series...

    Reuters - 6/24/09 - View Story

  • Innkeepers USA Trust Suspends Payment of Second Quarter 2009 Dividend on 8% Series C Cumulative...

    Forbes.com - 6/24/09 - View Story

  • Innkeepers USA Trust Suspends Payment of Second Quarter 2009 Dividend on 8% Series C Cumulative Redeemable Preferred Shares

    PR Newswire - 6/24/09 - View Story

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