Wyndham International and Patriot American Hospitality, Inc. (NYSE:PAH), whose shares are paired and trade together, today said Karim Alibhai, President and Chief Operating Officer of Wyndham International has resigned to return to his family`s real estate investment business.
Alibhai, 35, is the Company`s third largest individual shareholder. He will continue to serve as a director of Wyndham International.
James D. Carreker, Chairman and Chief Executive Officer of Wyndham International, said, “Karim`s contribution to this company has been great. As co-sponsor of the Patriot American initial public offering, he contributed 11 of Patriot`s first 20 hotels and has played a key role in its transformation into a fully integrated, multi-branded, multi-product hospitality company. He`s been a terrific colleague and we`ll miss him, but we are delighted that we will continue to have the benefit of his expertise through his participation on the Board.”
Alibhai said, “Although I have decided to return to my family business, I continue to have confidence in Wyndham`s leadership and business strategy. It is my intent to remain a long-term shareholder and I am very pleased to be continuing my long association with Wyndham through my participation on the Board, as well as the management contracts my family business has with the Company.”