PROSPECTUS SUPPLEMENT DATED FEBRUARY 18, 2004
WESTCOAST HOSPITALITY CAPITAL TRUST
$40,000,000 Trust Preferred Securities
9.5% Trust Preferred Securities
This prospectus supplement, together with the prospectus listed above, is to be used in connection with the offer and sale of the above securities.
On February 14, 2004, Arthur M. Coffey, our President and Chief Executive Officer and a member of our board of directors, was injured in a snowmobile accident. He was taken to a hospital and diagnosed with a fractured rib and clavicle and a concussion. He was admitted to the hospital for treatment, observation and testing, where he remains as of the date of this prospectus supplement. While the length of his convalescence is not certain, based on the reports we have received from Mr. Coffeys physician, we are optimistic that he will recover and be able to resume his duties with our company.
During Mr. Coffeys absence, Donald K. Barbieri, who is our Chairman of the Board and served as our President and Chief Executive Officer from 1978 until April 2003, will be actively involved in advising and overseeing our senior executives. Our companys day-to-day operations will continue under the supervision of our senior management group consisting of John M. Taffin (Executive Vice President, Hotel Operations), Peter P. Hausback (Vice President, Chief Financial Officer), Thomas L. McKeirnan (Vice President, General Counsel) and David M. Bell (Senior Vice President, Development).
We and the underwriters have scheduled the closing date and delivery of the trust preferred securities in book entry form through The Depository Trust Company on February 24, 2004. As a result, all references in the prospectus to February 19 should be replaced with February 24.