Interstate Hotels & Resorts Continues Management Agreement with Pittsburgh Airport Marriott
November 27, 2018
ARLINGTON, Va. – November 27, 2018 – Interstate Hotels & Resorts, a leading powerhouse in third-party hotel and resort management, has been selected to continue successful management of the Pittsburgh Airport Marriott in Coraopolis, Pennsylvania, recently acquired by investment subsidiaries of Colony Credit Real Estate, Inc.
“As the largest global operator of franchised Marriott hotels, our sound strategy continues to retain management contracts for assets and ownership groups that are strategic to our portfolio and the evolution of our company,” said Interstate Hotels & Resorts’ President and CEO, Mike Deitemeyer. “In addition to continuing management of the Pittsburgh Airport Marriott, we’ll be leading the charge on repositioning the property over the next year as it undergoes a planned rooms renovation.”
Pittsburgh Airport Marriott boasts a central location with easy access to popular destinations, such as The Mall at Robinson, PNC Park, the Andy Warhol Museum, Heinz Field and Rivers Casino all located in the greater downtown area. The hotel features 318 rooms, including 17 suites complete with pillowtop beds and stylish décor in addition to free Wi-Fi and parking, an on-site restaurant and bar with farm-to-table fresh American cuisine, a fitness center and indoor pool, and 16 venue options with over 12,000 sq.ft. of meeting and event space.
“We look forward to continued success with Interstate Hotels & Resorts and it’s top-notch team, and are confident they will maintain Pittsburgh Airport Marriott’s standing as a premier hotel in the region,” said Eric Schleif, Senior Vice President at Colony Capital, Inc.
A global leader in third-party hotel management, Interstate Hotels & Resorts’ depth of experience across all lodging segments and asset classes drives results in each of its managed hotels worldwide.
About Interstate Hotels & Resorts
Interstate Hotels & Resorts is the leading U.S.-based global hotel management company, operating branded full- and select-service hotels, resorts, convention centers and independent hotels. Currently, Interstate’s global portfolio represents 540 properties in 11 countries inclusive of a committed pipeline of signed hotels under construction or development around the world. The company’s experienced operators, industry-leading platforms and extensive management capabilities produce exceptional guest experiences and optimal returns for hotel owners and investors. For more information, please visit www.interstatehotels.com, or follow Interstate on Facebook and LinkedIn.
About Colony Credit Real Estate, Inc.
Colony Credit Real Estate (NYSE: CLNC) is one of the largest publicly traded commercial real estate (CRE) credit REITs, focused on originating, acquiring, financing and managing a diversified portfolio consisting primarily of CRE senior mortgage loans, mezzanine loans, preferred equity, debt securities and net leased properties predominantly in the United States. Colony Credit Real Estate is externally managed by a subsidiary of leading global real estate and investment management firm, Colony Capital, Inc. Colony Credit Real Estate is organized as a Maryland corporation that intends to elect to be taxed as a REIT for U.S. federal income tax purposes for its taxable year ending December 31, 2018. For additional information regarding the Company and its management and business, please refer to www.clncredit.com.