BOSTON, Sept. 22, 2008 (GLOBE NEWSWIRE) -- Sonesta International Hotels Corporation (Nasdaq:SNSTA) announced today that Philip M. Silberstein will be the new Executive Vice President of Development for the Sonesta Collection. In this role, he will oversee development for Sonesta, as the company aggressively looks to expand its presence, with a focus on projects in the United States and the Caribbean, specifically looking at franchise, management and investment opportunities.
"Philip is the ideal individual to develop Sonesta's domestic franchise business and add management opportunities to the brand, we are confident in his ability to expertly lead us in the next phase of our company's development" said Stephanie Sonnabend, Sonesta's CEO and President. "Philip brings to Sonesta a proven track record in successful brand growth. We will continue to capitalize on our strong reputation for operating unique, high quality hotels and resorts."
Silberstein brings over 30 years of experience in the lodging industry, including the last 15 years as Vice President Development for Carlson Hotels, with responsibilities for the Radisson and Regent brands. Prior to that, Silberstein served as Vice President of Sales and Marketing for ITT Sheraton, North America Division, Eastern Region. Silberstein resides in Newton, MA with his family. He is a graduate of the University of Massachusetts at Amherst.
For over 60 years, Sonesta has owned, managed, designed, built and marketed hotels throughout the world. There are presently 27 Sonesta hotels and resorts, including 5 Nile cruise ships. The Sonesta Collection is located in Boston, Miami, New Orleans, St. Maarten, Brazil, Peru, and Egypt and opening soon in Orlando, FL, Jaco Beach, Costa Rica, and San Carlos, Mexico. Sonesta's stock is traded on the NASDAQ Global stock market under the symbol SNSTA.