The board of directors at FelCor Lodging Trust named Steven R. Goldman to be the company’s next CEO, effective March 1, 2017. He will also join FelCor’s board of directors. Troy A. Pentecost will continue as president and COO after serving as interim senior executive officer since September 2016.
A hospitality industry veteran, Goldman has been involved in all aspects of hotel operations, acquisitions and divestitures, finance and development for more than 33 years. Most recently, Goldman was a managing director at Starwood Capital Group, where he served as president of Starwood Capital Group’s affiliate SH Group, a hotel brand management company that oversees the development and management of the firm’s two luxury and lifestyle hotel and residence brands, 1 Hotels and Baccarat Hotels and Resorts, and prior to that, CEO of Groupe du Louvre, one of Starwood Capital Group’s portfolio investment holding companies based in France.
“We are thrilled to welcome Steve to FelCor,” Thomas J. Corcoran Jr., FelCor’s chairman of the board, said in a statement. “Steve is a tremendously talented executive who brings an ideal combination of operational and transactional experience to our company, as we continue to pursue all paths to create value for shareholders. He has worked with many leading hotel companies and demonstrated an exceptional ability to generate returns for investors at the property, portfolio, and corporate levels. We look forward to working closely with Steve and the entire senior management team as we continue to execute our initiatives to build shareholder value.”
“I am delighted to join FelCor at this important time in the company’s history and believe the company has an excellent team in place, a strong portfolio of assets, and great potential to provide shareholders with strong returns," Goldman said in a statement. "I look forward to getting started and to working with the team as we pursue the best opportunities to generate value for FelCor shareholders.”
"On behalf of the entire board, I’d like to express our thanks and gratitude to Troy for his leadership during the interim period. We look forward to his continued contributions to the company’s success as its president and chief operating officer," Corcoran said in a statement.