Interstate Hotels & Resorts Enters the United Kingdom with Acquisition of
Sanguine Hospitality Management Platform
ARLINGTON, Virginia and LONDON, March 1, 2013
-- Interstate Increases European Portfolio to51 Hotels
ARLINGTON, Virginia and LONDON, March1, 2013 /PRNewswire/ --Strengthening
its European presence, Interstate Hotels & Resorts – the leading U.S.-based
global hotel management company – announced today its entrance into the United
Kingdom as the first U.S.-based, third party management company with
significant operating presence and a fully staffed team based in the U.K.
Interstate acquired the management platform of Sanguine Hospitality – a
Liverpool-based hospitality development and ownership company. Boasting a
diverse U.K. portfolio, Interstate will gain a strong foothold in the country
backed with the Company's industry-leading people, systems and relationships.
With this transaction, a high quality portfolio of 14 hotels in the U.K.,
aggregating more than 1,900 rooms, will be added to the Company's European
portfolio, bringing the total number of hotels managed and signed by
Interstate to51 in the region. The U.K. portfolio includes nine newly
developed hotels under leading international brands – mostly opened within the
past two years – and five hotels currently in development. Two-thirds of the
operating hotels are full service and the remaining are select service.
"It's incredibly gratifying to see Interstate's global footprint continue to
grow, delivering on our overall expansion strategy," said Jim Abrahamson,
chief executive officer of Interstate Hotels & Resorts. "As full U.K.
operations join our established Interstate Europe platform in Russia and
Continental Europe, we look forward to our alliance with Sanguine and their
exceptional teams. This relationship strategically positions Interstate for
abundant future growth and opportunities throughout the region, and our global
operating experience paired with long-standing, beneficial relationships with
top international brands promise a successful future between Interstate and
Interstate will manage the portfolio under long-term contracts, solidifying
the company's European presence with dedicated, U.K.-based full-service
operations, sales, finance, development, human resources and food and beverage
services. International brand affiliations accompanying the acquisition
consist of Doubletree by Hilton, Hampton by Hilton, Hilton, Wyndham and Hotel
"While we have enjoyed significant success through organic growth and a strong
market reputation, our new relationship with Interstate puts us on an entirely
new level and provides a platform to achieve step change growth," said Simon
Matthews-Williams, chairman of Sanguine Hospitality. "From our initial
meetings, it was clear that Interstate identified Sanguine as a progressive,
successful and ambitious business. We are confident that this is the right
move at the right time, not just for the business, but also for our excellent
staff and loyal customers across our portfolio."
"Future projections for this market are robust, and with 14 hotels signed or
opened thus far, Interstate is eager to manage this portfolio with high
quality developers and solid fundamentals, improving every hotel's bottom
line," said Leslie Ng, chief investment officer of Interstate Hotels &
Resorts. "Sanguine upholds a strong reputation in Europe for outstanding
developments, and as we execute our global expansion strategy we anticipate
success alongside our new partner, who has quickly established itself as one
of Europe's premier developers of hotels."
For more information, visit www.interstatehotels.co.uk .
About Interstate Hotels & Resorts Interstate Hotels & Resorts, Inc., a
wholly-owned subsidiary of a 50/50 joint venture between subsidiaries of
Thayer Lodging Group and Jin Jiang Hotels, 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
and its affiliates manage 344 hotels with more than 65,000 rooms in North
America, Europe and Asia-Pacific, including six wholly owned hotels. In
addition, Interstate has executed agreements to manage 45 hotels with more
than 8,300 rooms under construction or development throughout the world.
For more information regarding hotel management in the United Kingdom, please
contact Senior Vice President, Development-Europe, Aaron Greenman, at +32 490
43 15 72 or visit www.interstatehotels.co.uk . For more information about
Interstate Hotels & Resorts worldwide, please visit www.interstatehotels.com .
Connect with Interstate at www.linkedin.com/company/interstate-hotels-resorts
, www.facebook.com/InterstateHotels , and http://jobs.interstatehotels.com .
About Sanguine Hospitality Prior to its agreement with Interstate Hotels &
Resorts, Sanguine Hospitality developed and managed hotels, restaurants and
spas across the UK, becoming one of the sector's fastest growing independent
Following this agreement, its development activity will continue. Led by
chairman and founder, Simon Matthews-Williams, and under managing director,
Nick Taplin, Sanguine has future plans for developments in Newcastle, Glasgow
and three developments in the pipeline for London. Sanguine will open a new
centrally located office in Birmingham City Centre in early 2013.
Since forming in 2005, Sanguine has entered into licensed agreements with
InterContinental Hotels Group (IHG), Hilton Worldwide, Wyndham Worldwide and
Marco Pierre White.Working closely with these companies Sanguine operates
hotels under Hotel Indigo, Holiday Inn Express, Hilton, DoubleTree by Hilton,
Hampton by Hilton and Days Inn brands, and restaurants under the Marco Pierre
White Steakhouse Bar & Grill and Frankie's New York Italian Bar & Grill
Sanguine also operates its own brand of luxury health clubs and spas under the
club and spa brand.
Visit www.sanguine.com for further information.
Contact: Samantha Schmidt or Erin Vogt, The Zimmerman Agency, +1-850-668-2222,
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