Crescent Hospitality Names William F. Driscoll
Vice President of Business Development
WASHINGTON, D.C., April 18, 2006 — Crescent Hospitality Corporation, a rapidly growing hotel
and resort management and ownership company, today announced that it has named William F. Driscoll
vice president of business development. In his new role, Driscoll will oversee the company’s business
development strategy, which includes hotel management, investment and acquisition opportunities.
“Bill Driscoll has played an instrumental role in the growth of a number of prominent hospitality
companies, and we expect him to bring that same motivation and drive to Crescent,” said Michael
George, president and CEO. “As we continue to expand into an ownership role, Bill’s expertise
will become increasingly important to our future growth.”
Prior to joining Crescent, Driscoll served as vice president of operations for Merritt Hospitality,
an independent hotel management company and a wholly-owned subsidiary of HEI Hospitality, LLC.
In that position, he oversaw a portfolio of full-service, upper upscale hotels with annual revenues
in excess of $140 million. Prior to that, he held a number of positions with MeriStar Hotels &
Resorts and its predecessor companies, culminating with vice president of operations. Driscoll
received his Bachelor of Science in Hotel Restaurant Institution Management from Penn State University.
Headquartered in Fairfax, Va., outside of Washington, D.C., Crescent Hospitality is an operator of
hotels and resorts. Crescent Hospitality currently operates approximately 35 upscale and mid-market
hotels and resorts with approximately 5,400 rooms in 18 states. The company’s hotel management portfolio
encompasses properties in the resort, full-service, convention and premium limited-service segments
under nearly 15 hotel flags, including the leading brands of Marriott, Hilton, InterContinental, Choice
and Cendant, as well as independent hotels and resorts.
