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Interstate Hotels & Resorts and TVHG Budget Group Beheer BV Open Third
Netherlands Hotel, the 80-room Holiday Inn Express Amsterdam-South,
 as Part of a Nine Hotel Portfolio Currently Under Development


ARLINGTON, Va., June 7, 2012Interstate Hotels & Resorts today announced the opening of the 80-room Holiday Inn Express Amsterdam-South effective June 1.  The hotel is the third of a nine-hotel portfolio currently being developed across the Netherlands.  As previously announced, the portfolio is jointly owned by Interstate and TVHG Budget Group Beheer BV (TVHG) and operated by Interstate Hotels & Resorts under long-term contracts.

“Europe is a significant part of our strategic growth plan and this partnership with TVHG demonstrates our commitment to the region, particularly with well-regarded local partners,” said Jim Abrahamson, Interstate’s chief executive officer.  “These nine hotels will give us a significant market presence in this vibrant country and we look forward to continuing our partnership with TVHG.”

Located in Amsterdam’s financial district with tram and bus stops at the door, the Holiday Inn Express Amsterdam South is convenient to the VU Medical Center and the RAI Congress Center.   The hotel is proximate to the A-10 loop making Amsterdam’s main attractions, including the Rijksmuseum, the Van Gogh Museum and Ann Frank House, easily accessible to leisure travelers. Hotel amenities include a lobby bar, complimentary continental breakfast buffet and complimentary kosher breakfast. The hotel also provides special Shabbat amenities, complimentary Wi-Fi, and each room is equipped with LCD satellite TV.

“Due to our long and strong relationships with the world’s leading brands, and our nearly 20 year successful track record in Europe, we are able to bring significant advantages to hotel owners and developers seeking to invest in the region.  This hotel is our third Holiday Inn branded hotel opened in Amsterdam within the last 14 months,” said Leslie Ng, Interstate’s chief investment officer.  “We see numerous opportunities to expand our hotel portfolio in Europe, operating both premium branded hotels and luxury independent hotels and resorts as well.”

About TVHG Budget Group Beheer BV
Based in the Netherlands, The Vincent Hotel Group has been active for over 15 years in the ownership and development of hotels in Europe, with a strong emphasis on its home market, the Netherlands.  The Radisson Blu Amsterdam Airport was followed by many other successful transactions completed by the TVHG team.  Today the company has active developments with Accor, IHG, Hilton, Marriott and Starwood.  For more information please call +31 20 301 22 55.

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 leading U.S.-based global hotel management company, operating branded full- and select-service hotels and resorts, conference centers and independent hotels worldwide.  Interstate and its affiliates manage and/or have ownership interests in nearly 400 hotels with more than 70,000 rooms in North America, Europe and Asia-Pacific.  The Company has ownership in 58 of those hotels, including six wholly owned hotels.  In addition, Interstate has executed agreements to manage 40 hotels with nearly 8,000 rooms under construction or development throughout the world. The company’s global management platforms provide owners and developers a successful combination of large-scale resources, international expertise, owner and brand relations, and comprehensive world-class operations.

For more information, visit www.interstatehotels.com. Connect with Interstate at www.linkedin.com/company/interstate-hotels-&-resorts, www.facebook.com/InterstateHotels, and http://jobs.interstatehotels.com.
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Contact:

Chris Daly, Jerry Daly
Daly Gray, Inc.
(703) 435-6293
[email protected]




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Also See: Interstate Hotels & Resorts to Manage The 187-room Marker Hotel in Dublin, Ireland; Owned by Brehon Capital Partners and Midwest Holdings, the Hotel Will Open Early in 2013 as Part of the Leading Hotels of the World Family / May 2012

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Interstate Hotels & Resorts to Manage the 85-room Khyber Mountain Resort and Spa in Kashmir, India; Under Development by Pinnacle Resorts to Open Winter 2012 / March 2012

Interstate Hotels & Resorts Unveils New Logo and Website as Part of Global Rebranding Initiative / March 2012

Shanghai Jin Cang Mandarin Hotel Ltd. Selects Interstate China, a Joint Venture Between Interstate Hotels & Resorts and Jin Jiang Hotels, to Manage Shanghai’s 514-room JC Mandarin Hotel / March 2012

Interstate China Hotels & Resorts to Manage the 850-room DoubleTree by Hilton Shanghai-Pudong in China Owned by Shanghai Jin Jiang International Hotels / February 2012

Mosaic Company Selects Interstate Hotels & Resorts to Manage its 228-room Streamsong Resort Project Under Development in Central Florida / February 2012

Interstate Hotels & Resorts Acquires the 300-room Crowne Plaza Columbus North Hotel in Ohio Through a Joint Venture with Waramaug Hospitality; Hotel to Undergo $5.25 Million Dollar Renovation / January 2012

Interstate Hotels & Resorts Assumes Management of the 473-room Pheasant Run Resort in St. Charles, Illinois / January 2012

Interstate Hotels & Resorts Assumes Management of the 122-room Holiday Inn Express & Suites in Montrose, Colorado; Property Recently Acquired by an Affiliate of Blue Cougar Investments / January 2012

Interstate Hotels Completing Multi-Million Dollar Renovation of the 329-room Hilton Concord Hotel in Concord, California; The Project, Incorporating Environmental and Sustainable Systems, is Scheduled for Early 2012 Completion / December 2011

Jim Abrahamson Transitions to CEO of Interstate Hotels & Resorts; Senior Leadership Team Appointed with Ted Knighton as COO / November 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

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