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