With a growing portfolio of 530 hotels, resorts and conference centers with 94,000 rooms inclusive of signed pipeline, we are the world’s leading hotel management company. For 58 years, owners, developers, and guests have recognized the Interstate difference: unmatched innovation, expertise, and success in the hospitality industry. Since our founding, we’ve consistently delivered exceptional results for hotel brands, real estate investors, ownership groups, publicly traded REITs, privately held companies, and private equity funds. The future holds even more promise.
A true success story, Interstate Hotels & Resorts started small. In 1960, we began with a single motel in Pennsylvania. We first expanded to develop and operate Howard Johnson properties throughout the state. Then, in the early 1970s, we began our long partnership with Marriott, building on our expertise in hospitality industry development, ownership, and operations. By the end of the decade, we owned and operated four hotels with 1,800 rooms across four states. Our upward trajectory would continue.
Interstate is founded and first hotel is purchased, the Capri Motel in Pennsylvania.
Interstate develops and operates four Howard Johnson Motor Lodge properties located throughout Pennsylvania.
Interstate opens its first full-service hotel, and one of Marriott’s first franchised properties, the Green Tree Marriott in Pittsburgh.
Our growth skyrocketed to new levels in the 1980s, with new offerings including new-build hotel project management, interior design and FF&E services. We opened and managed The Charles Hotel in Cambridge, Massachusetts. We developed additional Marriott-branded properties: the Pittsburgh Airport Marriott; the Sawgrass Marriott in Ponte Vedra Beach, Florida; and the San Francisco Marriott Fisherman’s Wharf. As the decade came to a close, we operated 25 hotels in partnership with Marriott. We also created relationships with other prominent hotel companies, leading to an extraordinary 29 hotels with more than 10,300 rooms in 15 states in our portfolio. Much more was to come, soon.
Interstate forms Continental Design & Supply (CDS), providing ground-up, new-build hotel project management, interior design and FF&E services.
Irving, Texas-based American General Hospitality is founded by Steve Jorns, which would later merge with CapStar to form MeriStar Hotels & Resorts in 1998.
Interstate opens and manages The Charles Hotel in Cambridge, Massachusetts.
The company develops its 16th Marriott-branded property, the Pittsburgh Marriott Airport in Pennsylvania, which opens in 1987.
Washington, DC-based CapStar is founded by Paul Whetsell, which would later merge with American General to form MeriStar Hotels & Resorts in 1998.
Interstate begins managing the Sawgrass Marriott in Ponte Vedra Beach, Florida and the San Francisco Marriott Fisherman’s Wharf, in California.
The 1990s were pivotal. We began the decade by forming our Crossroads Hospitality select-service division, which quickly doubled its portfolio. Then, our Initial Public Offering expanded our scope and prominence in the financial markets. We were subsequently acquired and returned to being a privately-held company. By the end of the decade, 230 hotels were under our management, including the Roosevelt Hotel in New York City. We also continued our close relationship with Marriott, expanding our portfolio to include the Courtyard by Marriott Times Square South. And, in a sign of future growth horizons, we expanded internationally to three hotels in Moscow.
Interstate forms Crossroads Hospitality select-service division and by the mid-90s its portfolio size doubles.
Interstate expands internationally, opening and operating the Hotel Tverskaya in Moscow (later reflagged to the Marriott Tverskaya.
Initial Public Offering (IPO) of Interstate Hotels Corporation (IHC).
Interstate begins managing The Roosevelt Hotel, New York.
Interstate opens its third hotel in Moscow, the Marriott Royal Aurora.
The company opens the first franchised Marriott hotel in Manhattan, the Courtyard by Marriott Times Square South, New York.
IHC acquired by Patriot American Hospitality, which is spun off two years later as in independent management company.
CapStar and American General merge and form MeriStar Hotels & Resorts (MHR), the 2ndlargest independent hotel management company.
The new millennium arrived with abundant opportunities for us in the burgeoning worldwide hospitality industry. We expanded our hotel management portfolio in Moscow and entered the United Kingdom marketplace with three boutique hotels in London. We also expanded our footprint to Mexico, India, Belgium and Ireland. In the U.S., our Crossroads Hospitality division began its relationship with the Aloft brand. Additionally, we grew our family of affiliated companies with a management portfolio of 13 hotels for the Blackstone Group L.P., one of the world’s premier private equity investment firms. The decade concluded with our 50th year as the leading hotel management company and the prospect of continued strong growth.
Interstate Hotels Corp. and MeriStar Hotels & Resorts merge to form Interstate Hotels & Resorts.
Interstate acquires Sunstone Hotel Properties, an operating company with 54 premium full- and select-service hotels.
Interstate opens and manages the first Residence Inn in Manhattan.
Interstate opens and manages the Marriott Ghent in Belgium and the Marriott Ashbourne in Ireland.
Interstate is selected to manage the first Hilton-branded hotel in Moscow, the Hilton Leningradskaya, which re-opens in 2008 after extensive renovations.
The company enters Mexico through a joint venture with Steadfast Companies, named IHR de Mexico, which invests in and operates three resorts under the Tesoro Resorts brand.
Interstate opens a branch office in Moscow to oversee Moscow and Europe hotel operations, sales and development.
The company’s Crossroads select-service division opens and manages the first Aloft hotel in the U.S., the Aloft Ontario-Rancho Cucamonga, CA. Later in the year, Crossroads opens the Aloft Nashville-Cool Springs, TN.
The company forms a joint venture with JHM Hotels, named JHM Interstate Hotels India, to operate hotels in India. Interstate also invests in the Duet Fund which is focused on the development of hotels in India.
Interstate expands its international portfolio with three boutique hotels in London, making England the seventh country outside the U.S. with an Interstate presence.
JHM Interstate Hotels India opens the Four Points by Sheraton Jaipur-City Square hotel in India.
Interstate is acquired and becomes a wholly-owned subsidiary of a 50/50 joint venture between Thayer Lodging and Jin Jiang Hotels.
Interstate signs a joint venture agreement with Jin Jiang Hotels to manage hotels in China, creating a platform for independent hotel management in that country.
Interstate opens the 366-room Renaissance Moscow Monarch Centre, its seventh managed hotel in Russia’s capital city.
Blackstone names Interstate to manage 13-hotel portfolio.
Interstate named to manage J Hotel, located in the under-construction Shanghai Tower, anticipated to be the highest hotel upon opening in late 2014.
The past eight years have been extraordinary at Interstate Hotels & Resorts. We’ve grown our scope in the United Kingdom to 63 hotels under management, including new properties acquired from Glasgow-based Chardon Management. Domestically, we gained 75 management agreements from California-based Rim Hospitality Management. Our impressive global reach now includes the United States, Belarus, Belgium, Bosnia and Herzegovina, Germany, Ireland, Kazakhstan, Netherlands, Russia, and the United Kingdom. With the recent addition of Michael J. Deitemeyer at Chief Executive Officer, Interstate Hotels & Resorts is poised for a long-term future of unparalleled opportunity, in tandem with our investors, clients, employees and guests.
Interstate assumes management of Summit Hotel Properties’ 65-hotel portfolio.
Interstate assumes management of a 30-hotel portfolio owned by affiliates of Inland American Real Estate Trust.
The Company invests in a 9-hotel portfolio aggregating 1,800 rooms under development in the Netherlands, representing the company’s 10th country of operations.
Interstate acquires Noble Management Group and begins managing 55 properties with over 9,000 rooms throughout the U.S.
Interstate signs a management agreement for its 6th hotel in India.
Interstate enters Hungary with a management agreement for the under-construction Four Points by Sheraton Kecskemét hotel.
Jim Abrahamson transitions to chief executive officer and Ted Knighton is promoted to chief operating officer.
In 2011, Interstate transitioned 171 hotels, growing its portfolio by 60% and by year-end the Company operated and/or owned 387 hotels.
Interstate announces management agreement for the first franchised DoubleTree by Hilton hotel in China, the DoubleTree by Hilton Shanghai-Pudong.
Interstate Hotels & Resorts unveils new logo and website as part of global re-branding initiative.
The Company expands its managed hotel portfolio in India to 13.
Interstate Hotels & Resorts transitions management of eight upper tier full-service hotels.
Interstate China Hotels & Resorts signs its tenth hotel management agreement in China.
Interstate Hotels & Resorts opens its fifth hotel in the Netherlands, the Holiday Inn Express The Hague.
Interstate establishes a third-party hotel management platform in the United Kingdom, operating 9 hotels and 5 additional hotels under construction throughout the UK.
Interstate Hotels & Resorts acquires Glasgow-based Chardon Management, significantly expanding its footprint in the UK.
Interstate Hotels & Resorts acquires the management agreements of California-based Rim Hospitality Management, increasing the Company’s managed portfolio by 75 hotels.
Interstate adds 18 hotels in the United Kingdom.
Interstate Hotels & Resorts is acquired by New York-based Kohlberg & Company, a leading private equity firm.
Interstate CEO Jim Abrahamson named Chairman of the Board.
Michael J. Deitemeyer named Chief Executive Officer for Interstate Hotels & Resorts.
Interstate acquires the management agreements of 83 properties from White Lodging.