BNET Industries
Last Fiscal Year Sales:$724.6M
- Public
- US
Dow Jones Description
Hotel Real Estate Investment Trust
President
Bruce WilesNumber of Employees 51
Contact Information
Ste 200 6430 Rockledge Dr
Bethesda, Maryland 20817-1847
(703) 812-7200
Peer Companies
NAICS Code Hotels (except Casino Hotels) and Motels: 721110
News & Analysis
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meristar hospitality corp. - All News and Analysis
Blackstone acquires MeriStar, more.(Blackstone Group L.P. acquires MeriStar Hospitality Corp.)(Brief article)
NEW YORK Marking its fifth hotel takeover in the last year, The Blackstone Group has agreed to acquire MeriStar Hospitality Corp., owner of 57 hotels under the Hilton, Holiday Inn, Ritz-Carlton, Sheraton and Westin brands, for about US$2.6 billion. Blackstone also will assume US$1.6 billion in...
MD-based Meristar Hospitality Corp. to be acquired by NY investment
Meristar Hospitality Corp., of Bethesda, a hotel real estate investment trust that has agreed to be acquired by a New York-based investment firm, said in a document filed with the Securities and Exchange Commission that it has entered into a settlement agreement with several insurance companies to collect $82.5 million...
Bethesda-based Meristar Hospitality's FFO doubles
Meristar Hospitality Corp., of Bethesda, a hotel real estate investment trust, reported fourth-quarter funds from operations of $15 million after adjustments, or 17 cents per diluted share, on revenue of $183.4 million, versus FFO of $8.4 million, or 9 cents per diluted share, on revenue of $159.4 million for the...
Property sale helps MeriStar Hospitality Corp. pay debt
The sale of approximately $367 million of property brings MeriStar Hospitality Corp. nearer its goal of reducing debt and putting money in its shareholders' pockets.The Blackstone Group, a New York-based investment firm, agreed to buy 10 Florida properties from Bethesda-based MeriStar. The all-cash package includes nine hotels as well as...
MeriStar Hospitality Corporation Reports Third Quarter 2005 Results
ARLINGTON, Va. -- MeriStar Hospitality Corporation (NYSE: MHX), one of the nation's largest hotel real estate investment trusts REIT, today announced financial results for the third quarter ended September 30, 2005. Highlights of the company's strong quarterly performance include(1): --Net loss of $(117) million or $(1.34) per diluted share...
MeriStar Hospitality to Hold Third-Quarter Earnings Call on November 1
ARLINGTON, Va. -- MeriStar Hospitality Corporation (NYSE: MHX), one of the nation's largest hotel real estate investment trusts REIT, today announced that the company will release third-quarter financial results on Tuesday, November 1, 2005, before the market opening. Later that morning, management will hold a conference call to discuss those...
MeriStar Hospitality Corporation Refinances $300 Million CMBS Portfolio Loan; Reduces Interest Rate by More Than 300 Basis Points
ARLINGTON, Va. -- MeriStar Hospitality Corporation (NYSE: MHX), one of the nation's largest hotel real estate investment trusts REIT, today announced that it had completed the previously announced refinancing of its 19-property, $300 million CMBS loan. The refinancing lowers the company's rate of borrowing by more than 300 basis points,...
MeriStar Hospitality to Hold Analyst Meeting on September 20; Meeting to be Available via Telephone and Webcast
ARLINGTON, Va. -- MeriStar Hospitality Corporation (NYSE:MHX), one of the nation's largest hotel real estate investment trust REIT, today announced that the company will hold an analyst meeting on Tuesday, September 20, to outline its plans and strategies. Real-time access to the presentation will be available to shareholders and other...
MeriStar Hospitality Corporation Reports Second Quarter 2005 Results, Increases Adjusted FFO per Share Guidance
ARLINGTON, Va. -- MeriStar Hospitality Corporation (NYSE: MHX), one of the nation's largest hotel real estate investment trusts REIT, today announced financial results for the second quarter ended June 30, 2005. Highlights of the company's strong quarterly performance include(1): --Net income increased to $0.9 million or $0.01 per diluted...
John E. Plunket Joins MeriStar Hospitality as Senior Vice President - Real Estate
ARLINGTON, Va. -- MeriStar Hospitality Corporation (NYSE: MHX), one of the nation's largest hotel real estate investment trusts REIT, today announced that John E. Plunket has been named senior vice president - real estate. In his new position, he will oversee MeriStar's overall dispositions and acquisitions activities. He joined the...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Bruce Wiles | President |
| Brendan J. Keating | Senior Vice President & Chief Accounting Officer |
| Donald D. Olinger | CFO & Executive Vice President |
| John Emery | CFO |
| Daniel Jorns | Executive Vice President, Operations |
| Howard Isaacson | Executive Vice President, Strategic Planning |
| Jerome Kraisinger | General Counsel, Secretary & Executive Vice President |
| John E. Plunket | Executive Vice President, Finance |
| Mahmood J. Khimji | Executive Vice President |
| Robert Karch | Executive Vice President, Operations |
| Robin Kirk | Executive Vice President, Operations |
| Woodard Montgomery | Executive Vice President, HR |
| Bill Croke | Senior Vice President, Operations |
| Bill Reynolds | Senior Vice President, Development |
| Bruce Blum | Senior Vice President, Operations |
| Craig Schuck | Senior Vice President, Operations |
| Harold Scheffler | Senior Vice President, Technical Services |
| Jeffrey Witt | Senior Vice President, Operations |
| Pamela Suhr | Senior Vice President, Sales |
| Paul Regna | Senior Vice President, Sales, Marketing |
| Peter Adania | Senior Vice President, Operations |
| Randall Carroll | Senior Vice President, Real Estate & Asset Management |
| Raylan Wu | Senior Vice President, Accounting |
| Robert Gauthier | Senior Vice President, Operations |
| Scott Livchak | Senior Vice President, Operations |
| Steven Shamion | Senior Vice President, Purchasing |
| Timothy Hussion | Senior Vice President, Operations |
| Walter Roebuck | Senior Vice President, Operations |
| Wilbur Gibbs | Senior Vice President, Operations |
| William Eichhorn | Senior Vice President, Marketing |
| Daniel L. Doctoroff | Managing Partner |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| D. Ellen Shuman | Board of Directors |
| H. Cabot Lodge III | Board of Directors |
| J. Taylor Crandall | Board of Directors |
| James R. Worms | Board of Directors |
| Paul J. Klaassen | Board of Directors |
| William S. Janes | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | President | Current |
| MeriStar Hospitality Corporation | President | Current |
| Picnic People Services Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President & Chief Accounting Officer | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | CFO & Executive Vice President | Current |
| MeriStar Hospitality Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | CFO | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Executive Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Executive Vice President, Strategic Planning | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | General Counsel, Secretary & Executive Vice President | Current |
| Host Hotels & Resorts, Inc. | Assistant Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Executive Vice President, Finance | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Executive Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Executive Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Executive Vice President, HR | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Operations | Current |
Bill Reynolds is Managing Director/Chief Investment Officer of Thayer Lodging Group, a privately held hotel investment fund sponsor-manager based in Annapolis, Maryland. Thayer Lodging was formed in 1991 and has provided outstanding returns on invested equity over 25 realized assets in five institutional hotel sector funds. The company's mission is to drive operating results and asset value through a combination of repositioning assets, re-branding, strengthening management and making capital improvements. Previously, Bill was Managing Director of Hospitality Capital Partners, a private REIT sponsored by USAA Real Estate Company. Prior to that he served as Chief Investment Officer of MeriStar Hospitality Corporation, and SVP Development of Interstate Hotels & Resorts and CapStar Hotel Company. Bill was Principal and EVP Development of Metro Hotels in Dallas from 1985 - 1995. From 1979 to 1985, Reynolds headed City Associates, a Houston based office building developer, and prior to that was VP Marketing and Development for Portfolio Management, a residential developer in Texas and Connecticut. Reynolds is on the ULI Hotel Development Council, the Steering Committee for America's Lodging Investment Summit, the New York Hospitality Council, and is a former trustee of ARDA. He has been a frequent presenter at hospitality industry investment conferences, and universities, including Rice, UCLA, Georgetown, and the University of Connecticut. Bill holds a BA in English from Trinity College in Hartford and a Masters in Public Administration/Regional Planning from the University of New Haven. He is a Trustee of Trinity College in Hartford, and a director of The Writer's Center in Bethesda, Maryland. He and his wife, Rev. Nancy Lincoln Reynolds reside in Annapolis.
| Organization | Position | Status |
|---|---|---|
| Thayer Lodging Group | Managing Director and Chief Investment Officer | Current |
| MeriStar Hospitality Corporation | Senior Vice President, Development | Current |
| MeriStar Hospitality Corporation | Chief Investment Officer | Former |
| Thayer Lodging Group | Manager | Former |
| Thayer Lodging Group | Sponsor | Former |
| University of New Haven | Masters In Public Administration, Regional Planning | Former |
| Trinity College | Ba In English | Former |
| University of California, Los Angeles | Former | |
| University of Connecticut | Former |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Technical Services | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Sales | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Sales, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Real Estate & Asset Management | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Accounting | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Purchasing | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Senior Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Managing Partner | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MeriStar Hospitality Corporation | Board of Directors | Current |
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