WestCoast Hospitality Corporation today announced that it has hired Anupam Narayan as its Executive Vice President, Chief Investment Officer. Mr. Narayan has nearly 25 years of experience in the hospitality industry, chiefly in executive, strategic and financial positions. From 1998 to March 2004, he served in various capacities as an executive officer of Best Western International Inc., including his most recent position as Senior Vice President, Global Brand Management and Chief Financial Officer and a three- month period as Acting President and Chief Executive Officer during 2002. From 1985 to
1998, Mr. Narayan was employed by Doubletree Corporation and Red Lion
Hotels, Inc., serving as Senior Vice President and Treasurer immediately
prior to his move to Best Western.
Arthur Coffey, President and Chief Executive Officer of WestCoast
Hospitality Corporation, said, “We are absolutely delighted to have Anupam
join our executive team. He brings with him an outstanding professional
reputation and an extensive background in the hospitality industry. His
previous experience with our Red Lion brand will give him an immediate
ability to positively influence our strategy and operations.”
Mr. Narayan will also be appointed to the position of Chief Financial
Officer being vacated by Peter Hausback, who is leaving the company to
pursue other opportunities. Mr. Hausback has agreed to remain with the
company through January 15, 2005, to facilitate a smooth transition.
“Peter has provided key oversight of the company’s financial and
accounting operations since I became CEO in early 2003,” said Mr. Coffey.
“He will be missed and we wish him the best in his new endeavors.”
Mr. Narayan’s hire makes him the latest of several talented executives to
join WestCoast Hospitality Corporation’s senior team over the last 14
months. In August 2004, Anthony Dombrowik, the company’s principal
accounting officer, was promoted to Vice President, Corporate Controller.
In April 2004, hospitality industry veteran William Heaney joined the
company as Vice President, Sales. Thomas McKeirnan was promoted to Vice
President, General Counsel in January 2004, and long-time operating
officer John Taffin re-joined the company as Executive Vice President,
Hotel Operations in September 2003.
“I am excited to be able to join WestCoast Hospitality Corporation during
a time of so much opportunity,” said Mr. Narayan. “The company has
assembled a highly knowledgeable and dynamic management team. I am very
much looking forward to working with my new colleagues to promote the
company’s growth and build the company’s shareholder value through
maximizing the return on all the company’s assets, including its Red Lion