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Jim Abrahamson Transitions to CEO of Interstate Hotels & Resorts

Senior Leadership Team Appointed with Ted Knighton as COO

ARLINGTON, Va., November 16,  2011
—Interstate Hotels & Resorts, the largest U.S.-based global management company, today announced that, effective December 1, 2011, Jim Abrahamson, Interstate’s president and chief operating officer, will transition to chief executive officer and current CEO and Chairman Thomas F. Hewitt will remain as chairman, as previously announced earlier this year.  In addition, the senior executive team effective December 1, 2011 will be: Samuel E. (Ted) Knighton, chief operating officer; Julie Pangelinan, chief financial officer; Leslie Ng, chief investment officer; and Christopher Bennett, chief administrative officer and general counsel.

“Jim brings worldwide perspective, deep brand experience with Hilton, Hyatt and IHG and proven industry leadership to our company at a time of extremely rapid growth,” Hewitt said.  “He already has developed great relationships with our owners and is highly regarded by the leading brands. He has been a terrific addition to lead our Interstate team.”

“Under Tom’s leadership the company has skillfully doubled in size to nearly 400 hotels,” Abrahamson said. “We are fortunate to have his remarkable legacy and continued guidance and input as chairman.”

“The promotion of Ted coupled with Julie’s addition at midyear and Chris and Leslie’s long-term contributions, provides Interstate with the capabilities and skills necessary to lead this company as reflected by their many contributions to the company’s recent significant growth,

Abrahamson said.  “We have a strong executive team in place, perhaps the best in the business, with the talent and experience to advance Interstate forward as we deliver superior performance to our owners and as we continue our unprecedented worldwide growth.”

Knighton will oversee global operations of the company’s managed and owned hotels currently located on three continents.  He has been with Interstate and its predecessor company since 1990 and has held increasingly important positions with the company.  Most recently, he was president of hotel operations, responsible for Interstate’s North American portfolio, Interstate’s largest region.  His career includes senior roles with Radisson Hotels and Hyatt Hotels Corporation.  Knighton holds a degree in hotel administration from Cornell University.

“Ted is a proven and highly effective senior operations executive,” Abrahamson said.  “He has earned the respect of our hotel owners and our 26,000 associates through his leadership, experience and vision. I am confident he will be successful integrating Interstate’s global hotel operations, a key strategy for the company.”

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 United States’ leading hotel management company, operating branded, full- and select-service hotels and resorts, conference centers and independent hotels worldwide.  The company and its affiliates manage and/or have ownership interests in nearly 400 hotels, with more than 69,000 rooms in 40 states, the District of Columbia, China, Russia, India, Mexico, Belgium, Canada, Ireland, England and the Netherlands.  The company has ownership in 57 of those hotels, including six wholly owned assets.  Interstate Hotels & Resorts also has executed agreements for 25 hotels with more than 5,100 rooms under construction or development throughout the world.

For nearly two decades, Interstate Hotels & Resorts has been operating hotels outside of the United States.  The company’s global hotel management platforms in Western Europe, Russia, India and China provide the resources and infrastructure necessary for comprehensive hotel management operations, sales and marketing, revenue management, e-commerce, procurement, food and beverage operations and technical services for hotel owners and developers seeking a proven and experienced hotel management company.

For additional information about Interstate, visit the company’s website:  www.ihrco.com.
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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: Jim Abrahamson Appointed as President and COO of Interstate Hotels & Resorts / June 2011

Interstate Hotels & Resorts Executes Agreement to Manage the 136-room Four Points by Sheraton Kecskemét in Hungary to Open in 2013 / November 2011

Max Ng Appointed as Senior Vice President of Development for Interstate China Hotels & Resorts, an Interstate Hotels and Jin Jiang International Hotels Joint Venture / November 2011

Interstate Hotels & Resorts and JHM Hotels Joint Venture to Manage the 120-room New-build Ramada Hotel in Alleppey, Kerala, India / November 2011

Noble Investment Group and Interstate Hotels & Resorts Form New Dedicated Hotel Management Platform; Interstate Acquires Noble Management Group, Will Now Operate as Noble-Interstate Management Group / November 2011

Interstate Hotels & Resorts Enters JV with Netherlands-based TVHG Budget Group Beheer BV to Develop a Nine-hotel Portfolio in the Netherlands / September 2011

PURE Allergy Friendly Rooms to be Featured in Six Cleveland, Ohio Area Residence Inn by Marriott Properties Managed by Interstate Hotels & Resorts / August 2011

Interstate Hotels & Resorts in a Joint Venture with JHM Hotels to Operate Two New Hotels in India, the 63-room Rajasthali Resort & Spa in Jaipur and the 145-room Ramada Amritsar in Amritsar / July 2011

Interstate Hotels & Resorts Completes Multi-Million Dollar Renovation of the 390-room Houston Marriott North in Texas / July 2011

Interstate Hotels & Resorts Appoints Emily Boling Lynn as Vice President, Global Sales and Strategic Accounts / July 2011

Interstate Hotels & Resorts Executes Agreements with NBB-Development to Manage Six Hotels in Sochi, Russia, Site of 2014 Winter Olympics / July 2011

Interstate Hotels & Resorts Names Julie Pangelinan Chief Financial Officer / July 2011

Interstate Hotels & Resorts Assumes Management of Homewood Suites Jackson-Ridgeland in Mississippi and the Staybridge Suites Denver Cherry Creek in Colorado Increasing to 67 the Number of Hotels Managed for Summit Hotel Properties / May 2011

Interstate Hotels & Resorts Opens the 88-room Four Points by Sheraton Long Island City/Queensboro Bridge Hotel in Queens, New York, Owned by 39th Ave Holding LLC / May 2011

Interstate Hotels & Resorts Assumes Management of 30-hotel Portfolio, Comprising 4,060 rooms, Owned by Inland American Real Estate Trust; Portfolio Now Includes 337 Properties / April 2011

Interstate Hotels & Resorts Acquires 262-room Sheraton Denver Tech Center in a Joint Venture with Waramaug Hospitality; Will Begin $5.75 Million Renovation / February 2011

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

Interstate Hotels & Resorts Assumes Management of Summit Hotel Properties’ 65-hotel Portfolio / February 2011

BTW Hotel Holdings, LLC Selects Interstate Hotels & Resorts to Manage the Comfort Inn Manhattan Bridge in New York City / February 2011

Inland American Lodging Advisor & IHG Open the Crowne Plaza Charleston Airport Convention Center in Charleston, South Carolina, Following $13 million Renovation and Conversion from a Quality Inn & Suites; Property Managed by Interstate Hotels & Resorts / January 2011

The Hilton Lexington/Downtown Appoints 3 Execs Including Emily Boling Lynn to Director of Sales & Marketing / June 2010

Interstate Hotels & Resorts Named to Manage Freestyle Park Resort Hotel in Moscow; Futuristic Resort to Feature Indoor Ski Slope, Entertainment, Retail, Movies, Restaurants / November 2008

Interstate Hotels & Resorts Opens Hilton Moscow Leningradskaya Hotel; First Hilton Brand Hotel in Russia's Capital City / August 2008

Interstate Hotels & Resorts Appoints Three Vice Presidents to Head Up Moscow Operations / February 2007

Interstate Hotels & Resorts Promotes Ted Knighton to President, Hotel Operations / June 2006
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