July 23, 2017 12:07 PM ET

Capital Markets

Company Overview of Interstate Hotels & Resorts Inc.

Company Overview

Interstate Hotels & Resorts, Inc., together with its subsidiaries, operates as a hotel real estate investor and independent hotel management company. It operates in two segments, Hotel Ownership and Hotel Management. The Hotel Ownership segment includes wholly-owned hotels and joint venture investments in hotel properties. As of December 31, 2008, it owned 7 hotels with 2,051 rooms; and held non-controlling equity interests in 18 joint ventures, which owned or held ownership interests in 50 of its managed properties. The Hotel Management segment manages a portfolio of upscale, full-service and premium, select-service hospitality properties. It also provides ancillary services in the hotel, r...

4501 North Fairfax Drive

Suite 500

Arlington, VA 22203

United States

Founded in 1998

19,000 Employees

Phone:

703-387-3100

Fax:

703-387-3101

Key Executives for Interstate Hotels & Resorts Inc.

Chief Executive Officer and Executive Director
Age: 62
Chief Financial Officer
President of Hotel Operations
Age: 63
President of International Operations & Development
President of BridgeStreet Corporate Housing Worldwide Division
Age: 52
Compensation as of Fiscal Year 2017.

Interstate Hotels & Resorts Inc. Key Developments

Interstate Hotels & Resorts Announces Launch of the Asia Investment Group

Interstate Hotels & Resorts Inc. announced the launch of the Asia Investment Group, becoming the Asia practice team with dedicated resources to deliver exceptional hotel management services to Asian owners seeking to invest in hotels in the U.S and Europe. With this division's rapid growth, the Asia Investment Group has already achieved critical mass with over 11,000 hotel rooms to date.

Interstate Hotels & Resorts Announces Management Changes

Interstate Hotels & Resorts reported the appointment of Michael J. Deitemeyer as Chief Executive Officer, effective March 23. Deitemeyer has also been appointed to serve on the Board of Directors of Interstate effective the same date. Deitemeyer joins Interstate after a successful tenure with Omni Hotels & Resorts. He served as President of Omni for 13 years, and prior to that helped grow the organization through multiple management roles in operations, development, sales and finance. He currently serves on the executive committee and board of the American Hotel & Lodging Association (AH&LA) and is a founding board member and Director for the Global Hotel Alliance. Deitemeyer began his career in the hospitality industry with Interstate.

Interstate Hotels & Resorts Appoints Michael (Mike) J. Deitemeyer as Chief Executive Officer, Effective March 23, 2017

Interstate Hotels & Resorts announced the appointment of Michael (Mike) J. Deitemeyer as Chief Executive Officer, effective March 23, 2017. He has also been appointed to serve on the Board of Directors of Interstate effective the same date. Deitemeyer joins Interstate after a highly successful tenure with Omni Hotels & Resorts (Omni). He currently serves on the executive committee and board of the American Hotel & Lodging Association (AH&LA) and is a founding board member and Director for the Global Hotel Alliance.

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