Interstate Hotels & Resorts Executed 24 YTD Management Agreements for Hotels Under Development or Construction
June 1, 2017 8:32am
ARLINGTON, Va., June 1, 2017-- Interstate Hotels & Resorts– the leading global hotel management company – announces that the Company has executed year-to-date 24 hotel management agreements aggregating to 4,287 rooms including hotels under development or construction. With these additions, Interstate continues to strengthen its offering, creating tailored management solutions to improve hotel performance.
Hotels under management as of this year include the Hilton San Francisco Financial District, Las Alcobas Napa Valley and the Minneapolis Marriott Northwest in the U.S., and Ibis Styles Leeds City Centre Arena and Hamptonby Hilton Aberdeen Westhill in the U.K.
Located in the financial district across from Chinatown, the 543-room Hilton San Francisco Financial District is surrounded by rich culture and a vibrant entertainment scene. The Las Alcobas Napa Valley offers 68 luxurious rooms and suites, all with gracious floor plans and outdoor terraces with expansive vineyard views in the heart of Wine Country. The market-leading, 230-suite Minneapolis Marriott Northwest is one of the few full service all-suite Marriott hotels. The hotel, located near downtown Minneapolis and Maple Grove area, features 50,000 square feet of meeting space, with six elegantly appointed ballrooms.
Interstate's signed pipeline includes the 294-room Hyatt Regency Sarasota, Fla., and in Germany the soon to open AC Hotel Mainz - the first AC Hotel brand in that country – in addition to four Moxy hotels.
"Germany is strategically important to Interstate's Western European expansion," said Leslie Ng, chief investment officer of Interstate Hotels & Resorts. "With a strong presence in the UK and a growing footprint in Europe, our success with a pan-European platform has earned the confidence of hotel owners and industry partners in these markets.
It's rewarding to see our portfolio enhanced with these quality additions, and to build relationships with hotel owners around the globe," said Ng.
The newly signed hotels since January join a deep pipeline of 36 hotels aggregating to 7,317 rooms anticipated to open over the next 24 months throughout the U.S. and Europe.
Tags: interstate hotels & resorts
Interstate Hotels & Resorts is the leading U.S.-based global hotel management company, operating branded full- and select-service hotels and resorts, convention centers and independent hotels worldwide. Interstate Hotels & Resorts' portfolio of 446 hotels with 82,065 rooms including signed hotels under development or construction spans 10 countries. For more information, please visit www.interstatehotels.com. Connect with Interstate at www.linkedin.com/company/interstate-hotels-resorts, www.facebook.com/InterstateHotels and www.interstatehotels.com/careers.
Contact: Kerri Crannis
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