ARLINGTON, Va. – January 25, 2018 – Interstate Hotels & Resorts (“Interstate” or the “Company”) – the leading U.S.-based global hotel management company – announces it has closed on the acquisition of the management agreements of 82 premium-branded, select- and full-service hotels, plus one restaurant, from White Lodging effective January 24, 2018.
“A transaction of this nature aligns well with our growth strategy and we’re excited with the direction this new expansion is taking us,” said Michael Deitemeyer, Interstate’s president & CEO. “We’ve gained high quality hotels under long-term management agreements, and increased our depth of talent with valued and experienced leadership teams.”
Historically, today marks the largest single-day transition for Interstate Hotels & Resorts. Interstate is thrilled to welcome 2,500 new associates, 78 select-service and 4 full service properties under iconic lodging brands including Marriott, Hyatt and Hilton into its portfolio.
A global leader in third-party hotel management, Interstate Hotels & Resorts’ depth of experience across all lodging segments and asset classes drives results in each of its managed hotels worldwide. For more information on Interstate Hotels & Resorts, visit www.InterstateHotels.com.