DiamondRock Names Thomas Healy Chief Operating Officer and Executive Vice President of Asset Management
"We could not be more excited to welcome Tom to the DiamondRock team," said Mr. Brugger. "Tom has over 25 years of hotel and asset management experience and a proven track record of success. Over his career, Tom has taken a broad strategic approach to the design, implementation and execution of a range of initiatives at the portfolio and property level that have driven margin expansion and delivered value to shareholders. We are confident that Tom will help us execute on our strategy to drive superior shareholder returns across the lodging cycle and build on the significant progress we have made in our operations in recent years."
"I am delighted to join the talented DiamondRock management team," said Mr. Healy. "DiamondRock has a high quality portfolio of hotels, a very strong balance sheet and a number of exciting opportunities lie ahead in the near future. I look forward to working collaboratively with DiamondRock's leadership team and will focus the asset management group on maximizing operational performance. My priority will be to ensure that everyone is focused on one simple goal: ensuring that everything we do enhances asset value for DiamondRock shareholders."
Previously, Mr. Healy has worked at Strategic Hotels and Resorts since 2006 and most recently served as EVP/Co-Head of Asset Management, a role in which he had oversight responsibility for the asset management function for both owned assets and third-party contracts and worked with both internal and external partners to drive asset value. He worked and developed relationships with multiple Brands, Developers and Ownership Groups. In this position, he had shared responsibility for the strategic and tactical execution for over 20 hotels generating
About the Company
This press release contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "intend," "project," "forecast," "plan" and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks include, but are not limited to: national and local economic and business conditions, including the potential for additional terrorist attacks, that will affect occupancy rates at the Company's hotels and the demand for hotel products and services; operating risks associated with the hotel business; risks associated with the level of the Company's indebtedness; relationships with property managers; the ability to compete effectively in areas such as access, location, quality of accommodations and room rate structures; changes in travel patterns, taxes and government regulations which influence or determine wages, prices, construction procedures and costs; potential changes in our expected sources and uses of cash; and other risk factors contained in the Company's filings with the
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Sean Mahoney, (240) 744-1150