Candlewood Hotel Company, Inc. (NASDAQ: CNDL) announced today that Richard M. Kelleher has been elected to serve on the Company’s Board of Directors.
Mr. Kelleher has served as principal of Pyramid Advisors, LLC, a hotel management and advisory firm he founded, since March 1999. From 1997 to 1999, Mr. Kelleher was the president and chief operating officer of Promus Hotel Corporation, the successor company to the Doubletree and Guest Quarters hotel entities.
Prior to that time, Mr. Kelleher was the president and chief executive officer of the Doubletree Hotel Corporation, from 1992 through 1997.
“We are delighted that Rick has joined our Board. His extensive industry knowledge and depth of experience in running successful lodging corporations will be invaluable to us as we move forward,” said Jack P. DeBoer, Candlewood’s chairman and chief executive officer.