Holloway Lodging REIT has assembled a focused, highly disciplined Board of Trustees. Their responsibility is to guide and monitor our operating policies, investment guidelines and governance.
Chairman of the Board
(Audit Committee, Chair of Compensation & Governance Committee)
Walter Keyser's career has focused on capital markets in the areas of commercial real estate and financial services. His corporate finance activities during the 1960's included the incorporation and financing of Orangeroof Canada Limited, Master Franchisee for Howard Johnson Hotels and Restaurants throughout Canada. Mr. Keyser is currently President of W.A.Keyser & Associates Ltd., incorporated in 1974 to originate and administer NHA and commercial mortgage loans for U.S. and Canadian financial institutions, and in recent years to provide financial consulting services to real estate owners and investors. He has served as a director of several TSX-listed companies which currently include AGF Management Ltd., and Morguard REIT. Mr. Keyser graduated in 1958 from the University of Western Ontario School of Business.
During the past 30 years Walter has been an active director of public and private companies such as AGF Management Ltd., Morguard Real Estate Investment Trust, Northampton Group Ltd., and Transmetro Properties Ltd., the North American investment arm of London-base McAlpine Family. His role on boards has typically been in the areas of governance, compensation and audit. Water is a member of the Institute of Corporate Directors.
Trustee
Chief Executive Officer
Mr. Squires is the Chief Executive Officer of Holloway Lodging Real Estate Investment Trust and Pacrim Hospitality Services Inc. (PHSI). Mr. Squires has been involved with the acquisition, development, re-positioning and refurbishment of more than $300 million involving numerous hotels and brands over the last 20 years. He has been actively involved in the hotel industry for over 30 years. Prior to PHSI, Glenn was a Vice-President, Hospitality for Fortis Properties Inc., an Atlantic Canada-based company with holdings in commercial real estate, hotels and hydro generation. Glenn is currently the Chairman of the Intercontinental Owners Committee of Canada and was recently awarded Developer of the year (Canada) by Intercontinental Hotels.
Independent Trustee
(Audit Committee, Compensation & Governance Committee)
James Gourlay has been a journalist for 37 years. He spent 16 years in the newspaper field, achieving senior editor status with the publishers of Atlantic Canada’s largest daily newspapers, the Halifax Herald. Mr. Gourlay switched to magazine publishing in 1984, becoming an associate editor of Atlantic Insight magazine. In 1995, he and a partner launched a new regional publication, Eastern Woods & Waters. In 1992, Mr. Gourlay and a partner launched Atlantic Progress magazine, which has since become the pre-eminent business magazine in Atlantic Canada. In 2000, he launched Saltscapes magazine, now the largest paid circulation periodical east of Montreal, Quebec. He is currently President of Saltscapes Publishing Limited.
Independent Trustee
(Chair of Audit Committee, Compensation & Governance Committee)
Mr. Watson is a former Vice President, Finance of CanJam Trading Limited, a leading salt fish producer, fresh fish producer and international food trading house based in Nova Scotia. Prior thereto, Mr. Watson was President of Wayne Watson Consulting since January 2000, From April 1992-May 2000 he was the Chief Financial Officer and Vice President, Finance of Fortis Inc., a TSX-listed diversified, international electric utility holding company with investments primarily in regulated electric distribution utilities in Canada and the Caribbean region. Fortis also owns and operates non-regulated generation assets and commercial real estate and hotels. Wayne is a chartered accountant.
Trustee
Mr. Staniloff is Chairman and Chief Executive Officer of Superior Lodging Corp., the master development corporation for Super 8 Motels/Hotels and Wingate Inns in Canada. Mr. Staniloff has been instrumental in the development of 115 Super 8s from 1993 to 2007. In 1998, he was recognized as "Franchisee of the Year" by Super 8 Motels Inc. as a result of his leadership in the development of the Super 8 franchise system in Canada. Currently, Mr. Staniloff is a director and chair of the audit committee for Xtreme Drilling Corp., a TSX-listed company. Mr. Staniloff received a Bachelor of Commerce degree from the University of Calgary and is a member of the World Presidents Organization, the Super 8 Motels Franchisee Advisory Board and the President's Advisory Council for Wingate Inns.
Independent Trustee
Mr. Howe is President of Bragg Creek Financial Consultants Ltd., a private financial consulting company. In addition to several years practicing as a Chartered Accountant, Mr. Howe has served as Chief Financial Officer of several public companies. He presently serves as a director of Ensign Energy Services Inc., Pason Systems Inc., Wrangler West Energy Corp. and Avery Resources Inc. Mr. Howe received a BA from the Ivey School of Business at the University of Western Ontario and is a member of the Institute of Chartered Accountants of Alberta.