WestCoast Hospitality Corporation Included in New Russell Microcap Index
July 07 2005 - 12:30PM
PR Newswire (US)
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/
Copyright
Westcoast Hospitality (NYSE:WEH)
Historical Stock Chart
From Sep 2024 to Oct 2024
Westcoast Hospitality (NYSE:WEH)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Westcoast Hosp Cp (New York Stock Exchange): 0 recent articles
More Westcoast Hosp Cp News Articles