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July 28, 2015 10:46 AM ET

Hotels, Restaurants and Leisure

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: 59
Executive Vice President and Treasurer
President of Hotel Operations
Age: 61
President of International Operations & Development
President of BridgeStreet Corporate Housing Worldwide Division
Age: 50
Compensation as of Fiscal Year 2015.

Interstate Hotels & Resorts Inc. Key Developments

Interstate Hotels & Resorts Appoints Richard Tannenbaum as Senior Vice President of Sales and Marketing of its Rim Hospitality Division

Interstate Hotels & Resorts recently announced the appointment of Richard Tannenbaum as senior vice president of sales and marketing of the company's Rim Hospitality Division. Tannenbaum is responsible for leading the West Coast sales division across a portfolio of 70 hotels, and is a member of Interstate's global Sales and Marketing Division lead by George Brennan, executive vice president of sales and marketing. Bringing nearly a decade of sales, revenue experience and insight to his new role as SVP of sales and marketing, Tannenbaum joins Interstate after eight years with Hilton Worldwide. Prior to joining the Company, Tannenbaum served as director of sales and marketing at Homewood Suites by Hilton, followed by manager, and then director of regional sales and revenue management support for Hilton Worldwide.

Interstate Hotels and Resorts Announces Appointment of Stephen K. Miller as Senior Vice President of Development and Acquisitions, Effective June 1, 2015

Interstate Hotels & Resorts recently announced the appointment of Stephen K. Miller as senior vice president of development and acquisitions effective June 1, 2015, reporting directly to Interstate's chief investment officer, Leslie Ng. Miller was previously SVP of Development at Wyndham Hotels & Resorts, responsible for the growth of the Tryp and Dream brand portfolios through the signing of management, investment and franchise agreements throughout North America and the Caribbean.

Interstate Signs Management Agreement for 18 Properties in UK

Interstate Hotels & Resorts has signed 18 management agreements with an affiliate of Cerberus Capital Management for its hotel portfolio in the UK. The new deal increases the Interstate's UK division's hotel-portfolio to 59 in the country. The 18-hotel portfolio includes 2,443 guestrooms, covering the Holiday Inn and Crowne Plaza branded properties. Under the deal, Interstate will manage a 216-room Holiday Inn Gatwick London Airport, 142-room Holiday Inn Farnborough, 202-room Holiday Inn Reading South, 188-room Holiday Inn Leicester, 144-room Holiday Inn Hemel Hempstead, and a 139-room Holiday Inn Aylesbury, as well as a 130-room Holiday Inn Southampton. The deal also includes a 112-room Holiday Inn High Wycombe, 101-room Holiday Inn Edinburgh City West, 135-room Crowne Plaza Leeds, 158-room Holiday Inn Coventry, 107-room Holiday Inn London Bexley, 125-room Holiday Inn Gloucester, Cheltenham, and a 105-room Holiday Inn Maidstone, Sevenoaks. In addition, the portfolio comprises an 86-room Holiday Inn Basingstoke, 24-room Holiday Inn Fareham, 100-room Holiday Inn Hull Marina, and a 129-room Holiday Inn Southampton.

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