Westcoast Hospitality (NYSE:WEH)
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WestCoast Hospitality Corporation Included in New Russell
Microcap Index
SPOKANE, Wash., July 7 /PRNewswire-FirstCall/ -- WestCoast Hospitality
Corporation (NYSE:WEH) announced today that it became a member of the new
Russell Microcap(TM) Index when Russell Investment Group reconstituted its
family of U.S. indexes on June 24. Russell recently posted a membership list
for the Russell Microcap at http://www.russell.com/US/Indexes.
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. More than $2.5 trillion in assets currently are
benchmarked to them. Investment managers who oversee these funds purchase
shares of member stocks according to that company's weighting in the particular
index.
Arthur M. Coffey, President and Chief Executive Officer of WestCoast
Hospitality Corporation, said, "Russell is a well-respected industry leader and
we are pleased to be included in this new index."
About WestCoast Hospitality Corporation
WestCoast Hospitality Corporation is a hospitality and leisure company
primarily engaged in the ownership, management, development and franchising of
upper mid-scale, full service hotels under its Red Lion(R) and WestCoast(R)
brands. In addition, through its entertainment division, which includes its
TicketsWest.com, Inc. subsidiary, it engages in event ticket distribution and
promotes and presents a variety of entertainment productions. G&B Real Estate
Services, its real estate division, engages in traditional real estate-related
services, including developing, managing and brokering sales and leases of
commercial and multi-unit residential properties.
About Russell Investment Group
Russell, a global leader in multi-manager investment services, provides
investment products and services in more than 39 countries. Russell manages
more than $135 billion in assets and advises clients worldwide representing
$2.3 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual
and is headquartered in Tacoma, Wash., with additional offices in New York,
Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo.
Contact: Anupam Narayan
Title: Executive Vice President, Chief Investment Officer and Chief
Financial Officer Chief Financial Officer
Phone: 1-509-459-6100
Internet:
http://www.redlion.com/
http://www.westcoasthotels.com/
http://www.ticketswest.com/
http://www.g-b.com/
DATASOURCE: WestCoast Hospitality Corporation
CONTACT: Anupam Narayan, Executive Vice President, Chief Investment
Officer and Chief Financial Officer Chief Financial Officer of WestCoast
Hospitality Corporation, +1-509-459-6100, or
Web site: http://www.westcoasthotels.com/