July 24, 2016 12:08 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: 61
Chief Financial Officer
President of Hotel Operations
Age: 62
President of International Operations & Development
President of BridgeStreet Corporate Housing Worldwide Division
Age: 51
Compensation as of Fiscal Year 2016.

Interstate Hotels & Resorts Inc. Key Developments

Interstate Hotels & Resorts Announces Three Sales Executive Appointments

Interstate Hotels & Resorts announced the promotions of Emily Lynn as senior vice president, global and strategic accounts and Sherry Serio as senior vice president, sales and marketing; and the appointment of Patrick Beron as senior vice president, sales and marketing. Serio and Beron each have executive regional roles in the full-service hotel division. Sherry Serio brings to her role as Interstate's senior vice president of sales and marketing the knowledge and background of pre-opening activation, residential components and increasing property awareness. Patrick Beron most recently acted as vice president of sales and marketing for Millennium Hotels in New York City. With a 20-year tenure at Interstate, Emily Lynn began her career at a hotel restaurant, working her way up through operations and front office to revenue management and ultimately as director of sales and marketing.

Interstate Hotels & Resorts Announces Three New Hotels to Global Portfolio

Interstate Hotels & Resorts announced the addition of three new hotels to its international portfolio, including the Company's first entry into Germany. Building upon global relationships, the Company will manage the hotels with development and lease partner Odyssey Hotel Group, based in the Netherlands, with continued expansion potential for Germany, Netherlands and other Western European countries. The three hotels are Glow Hotel Eindhoven and Hotel Nassau Breda, Autograph Collection in The Netherlands; and the under-construction AC by Marriott Hotel in Mainz, Germany, anticipated to open August 2016.

Crown Jewel of Pacifica, LLC Selects Interstate Hotels & Resorts to Manage Sheraton Cerritos Hotel

Interstate Hotels & Resorts announced that it has been selected to manage the Sheraton Cerritos Hotel, recently acquired by Crown Jewel of Pacifica, LLC. The Sheraton Cerritos will be managed by Interstate Hotels & Resorts' Rim Hospitality Division based in Newport Beach, Calif.  The 203-room Sheraton Cerritos Hotel, the only full-service hotel in the City of Cerritos, is centrally located directly between Orange County and Los Angeles. Adjacent to the Cerritos Center for the Performing Arts, the hotel is part of a 100-acre, mixed-use business park with abundant shopping, dining and entertainment venues. A short distance from other Southern California leading attractions, including Disneyland and Knott's Berry Farm, the Sheraton Cerritos features 15,241-square-feet of indoor and outdoor meeting and event space, Paired – the lobby lounge and bar dining experience influenced by global cuisine – and Grille 91 Restaurant & Bar.

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