Development Services
As the largest independent hotel operator in the nation, Interstate Hotels & Resorts is also recognized as a leader in hotel and resort investment, acquisition and development.
As an operator, Interstate is committed to this core business practice and continues to be the hotel operator of choice for institutional and private owners. As a NYSE-listed company, Interstate is executing on its strategy to steadily increase EBITDA through hotel investment, acquisitions and new management opportunities on behalf of shareholders. The company's development team is directly charged with this growth initiative.
Success is achieved through a combined professional expertise of over 100 years in hotel business development, including all aspects of hotel financing, acquisitions, franchising, owner relations and management. Interstate's development professionals are:
- Leslie Ng, Chief Investment Officer
- C.A. Anderson, Executive Vice President
- Larry Shupnick, Senior Vice President
- David Lee, Vice President Development
- Melinda Zanecki, Vice President Development
- Chris Van der Baars, Vice President Development, Condo Hotels
- Joe Porter, Senior Analyst
- Sonia Egyhazy, Analyst
- Amanda Phillips, Development Associate
As both an owner and operator, Interstate Hotels & Resorts understands the goals of ownership and applies proprietary management practices to achieve those goals. Strong partnerships with the brands, based on extensive product knowledge and expertise, has earned the company approved operator status from all the leading brands.
The company's financial resources run deep, providing opportunities to focus on growth strategies through hotel acquisitions and joint venture partnerships.
As a global hotel management company with operations in five countries, Interstate is able to draw upon a multitude of resources including:
- Attracting and retaining high quality associates
- Providing dynamic programs to hotels based on economies of scale for purchasing, insurance, sales, accounting and operations
- Providing owners with comprehensive or specific development services including: financing, interior design & construction, property positioning and analysis, franchise selection, and pre-opening project management
- Creating a successful mix of large-company scale and small-company responsiveness and service
- Operating properties effectively through specialized divisions – full-service hotels and resorts (luxury, upper, upscale and independent hotels), Crossroads (select-service brands), condominium hotels, and international hotel operations – and managing each hotel according to its market segment and unique needs
Interstate Hotels & Resort's development executives maintain longstanding relationships with the hotel industry’s leading financial institutions and sources. The company has the unique ability, as a hotel management company, to assist clients in securing favorable financing for projects.