Michael A. DeNicola, also named a FelCor executive vicepresident, was principal and head of the Atlanta-based Lend Lease'sLodging and Leisure Group. The group is headquartered inChicago.
DeNicola tells GlobeSt.com that his first priority is to developan investment strategy. "It's important to look at investingstrategically and opportunistically," he says. The strategy shouldbe in place in first quarter 2002–in time to "take advantage" ofthe up-and-coming market opportunities as so often has been statedby FelCor officials in recent months.
DeNicola says the CIO post actually evolved from the axed mergerwith MeriStar Hotels & Resorts of Washington, DC. FelCor sawthe need arise during the takeover talks, and the 42-year-oldDeNicola saw the chance to be part of a company that's solelyfocused on the lodging industry.
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