Interstate Hotels & Resorts Continues Momentum with 18 New Hotels Under Management in 2019 YTD
May 2, 2019
Growth Includes New Builds in the US and UK, and the First Delta Hotels in New England
ARLINGTON, Va. – May 2, 2019 – Interstate Hotels & Resorts, a global leader in third-party hotel and resort management, continues to grow their expansive portfolio, adding 18 properties with nearly 3,000 rooms in 2019 thus far across all hotel segments. This follows a strong 2018, a new regional office in Amsterdam, with management offerings in The Netherlands and Belgium and the company’s first entry into France.
“2019 is off to a solid start as Interstate continues to evolve, delivering on our promise of best-in-class operations across all verticals,” said Michael J. Deitemeyer, president and CEO of Interstate Hotels & Resorts. “Our robust pipeline is showing tremendous growth, expanding our global footprint and adding new brands to our management portfolio.”
Interstate successfully started the year adding two hotels on January 1st, the Aloft and Element Arundel Mills in Maryland. In Vermont’s capital city, Interstate assisted with the brand conversion to the Delta Hotels South Burlington, the first Delta Hotels property in New England. Other portfolio highlights include a group of six hotels under Homewood Suites by Hilton, Residence Inn, Courtyard by Marriott and Hilton brands in Florida and North Carolina; and the iconic Hayes Mansion in San Jose, California.
Notable hotel openings in the first quarter include the AC Hotel by Marriott Beverly Hills, California, the Hilton Miami Dadeland, Florida, and the Holiday Inn London at Heathrow Airport, U.K. to name a few.
For more updates and industry insights, join Interstate Hotels & Resorts leaders along with Greg O’Stean, Chief Development Officer, during the 2019 NYU Investment Conference at the New York Marriott Marquis. O’Stean will be participating in a finance workshop with other industry leaders on Tuesday morning, June 4th around asset pricing and valuation.
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. For more information on Interstate Hotels & Resorts, visit https://www.interstatehotels.com.
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 530 properties in 12 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. Connect with Interstate on Facebook and LinkedIn.