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Jim Abrahamson Appointed as President and COO
of Interstate Hotels & Resorts


ARLINGTON, Va., June 13, 2011—Interstate Hotels & Resorts (IHR), the United States’ largest independent hotel management company, today announced that Jim Abrahamson has joined Interstate initially as president and chief operating officer.  He will assume the role of chief executive officer prior to year-end, following a transition period with current CEO Thomas F. Hewitt, who will remain as chairman.

Abrahamson previously was president, the Americas, for Intercontinental Hotel Group (IHG), that company’s largest operating unit. During his tenure there, he revitalized IHG’s core brand, Holiday Inns, in the Americas through a comprehensive brand re-imaging and capital investment program.  He previously held senior leadership positions in operations, franchising and development with Hyatt Corporation, Marcus Corporation and Hilton Worldwide.

“We are fortunate to attract a leader of Jim’s stature, with his talents, background and relationships,” said Thomas F. Hewitt, Interstate’s chairman and chief executive officer. “He has played key roles in the growth and success of a number of the world’s leading hotel brands.  He has great relationships with the brands and owners around the globe and is the perfect fit to complement our recent and planned rapid growth and international expansion. Jim brings the requisite experience, drive and character that will play a key role in our future. ”

Abrahamson will oversee all domestic and international operations, finance, development and support functions of IHR, which currently manages 334 hotels in nine countries. The company has experienced dramatic growth in 2011, adding more than 100 new hotels to its management portfolio, including its first properties in China.

“I have worked closely with Interstate as a franchisor over the past two decades and respect their ability to operate at the highest levels, and their track record of providing superior returns to their owners,” Abrahamson said. “I appreciate the confidence IHR’s Board of Directors has in my ability to work with not only the U.S.’s leading management company, but to play a pivotal role in pioneering third-party hotel management on a global basis. No other operator approaches the breadth of their experience, their entrepreneurial drive and their global vision for the hotel industry.”

Lee Pillsbury, co-Chairman of Thayer Lodging Group, a 50 percent joint-venture owner of Interstate, said, “Jim is a top quality executive and person who will bring a great deal to the development of the company and its people.” Fred Malek, co-Chairman of Thayer Lodging Group added, “Our commitment to growing Interstate’s capabilities is further evidenced by Jim’s arrival.  We have a strong client and performance culture, and he fits right in.”  Yu Minliang, chairman Jin Jiang International Holdings, Co., Ltd., co-owner of Interstate, noted, “Mr. Jim Abrahamson is a well-regarded executive with a long record of success.  We look forward to further growth and welcome him to the Interstate family.”

Abrahamson is active in a number of industry and community affairs, including the American Hotel & Lodging Association, US Travel Association and Real Estate Roundtable.  He holds a Bachelor of Science degree in Business Administration from the University of Minnesota.

About Interstate Hotels & Resorts
Interstate Hotels & Resorts, Inc., a wholly owned subsidiary of a 50/50 joint venture between subsidiaries of Thayer Lodging and Jin Jiang, is the nation’s largest independent hotel management company based on revenue managed. The company and its affiliates manage and/or have ownership interests in 334 properties with more than 61,200 rooms in 39 states, the District of Columbia, China, Russia, India, Mexico, Belgium, Canada, Ireland and England. The company has ownership interests in 56 of those properties, including six wholly owned assets. Interstate Hotels & Resorts also has executed agreements for 18 hotels with over 3,700 rooms under construction or development throughout the world. In 2010, Interstate Hotels & Resorts pioneered the first independent hotel management company in China, Interstate China Hotels & Resorts, when it formed a joint-venture partnership with Jin Jiang Hotels, China’s leading hotel operator and developer.
Interstate offers third-party hotel management on a global basis, providing the resources and infrastructure necessary for comprehensive hotel management operations, including sales and marketing, revenue management, food and beverage operations, e-commerce, accounting, and design and construction project management services for hotel owners and developers seeking a proven and experienced hotel management company.

Additional information about Interstate is available at the company’s website, www.ihrco.com

Contact: 

Jerry Daly, Carol McCune
Media
Daly Gray
(703) 435-6293
jerry@dalygray.com

Carrie McIntyre
SVP, Treasurer
Interstate Hotels & Resorts
(703) 387-3320
carrie.mcintyre@ihrco.com



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Also See: Senior Management Team Appointed for Interstate China, an Interstate Hotels & Resorts Joint Venture with Shanghai Jin Jiang International Hotels / February 2011

23rd Hunter Hotel Investment Conference Scheduled for March 6-8, 2011, in Atlanta; Keynote Speakers Are Jim Abrahamson and Jack DeBoer / November 2010

Hyatt Corporation Will Purchase the 143-unit AmeriSuites Chain from Affiliates of The Blackstone Group; Plans to Invest $150 million to Create New Brand Headed by Jim Abrahamson and Mike Leven / December 2004

Former Hilton Executive Jim Abrahamson Named President and COO of Baymont Inns Suites / May 2000
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