Financial Services >> CEO Interviews >> February 27, 2001
THOMAS J. CORCORAN, JR. co-founded FelCor, Inc. in 1991 with Hervey
Feldman. In 1994, they took the company public with six hotels and a
market capitalization of approximately $120 million as a real estate
investment trust (REIT) on the NASDAQ national market under the name
FelCor Suite Hotels, Inc., and in 1996 listed on the New York Stock
Exchange as FCH. Mr. Corcoran has served since its formation as
President and Chief Executive Officer of FelCor. In July 1998, the
company changed its name to FelCor Lodging Trust Incorporated. Mr.
Corcoran's long history of management in the lodging and food service
industry began with Brock Hotel Corporation in Topeka, Kansas. During
his 11 years with Brock, Mr. Corcoran held positions in mergers and
acquisitions, financial planning and project development and franchise
sales for Chuck E. Cheese Entertainment, Inc. (formerly ShowBiz Pizza
Time, Inc.). His roles with the company included President and Chief
Executive Officer and a member of the Board of Directors. Mr. Corcoran's
Board appointments include National Association of Real Estate
Investment Trusts' Board of Governors; the University of North Texas'
Board of Governors School of Merchandising and Hospitality Management;
Board of Trustees for the American Hotel Foundation; the American Hotel
& Lodging Association's Industry Real Estate Financing Advisory Council
and Vice Chair of the Political Action Committee; Chairman of Embassy
Suites' Advisory Council to Hilton Hotels; International Association of
Holiday Inns and the Real Estate Council of Dallas. Profile
TWST: Would you mind providing our readers with a brief overview ofFelCor Lodging Trust?
Mr. Corcoran: FelCor is the second largest hotel REIT today with about
50,000 rooms, 186 hotels, and