June 25, 2018 8:24 AM 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 1960

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
Executive Vice President, Secretary and General Counsel
Age: 47
Senior Vice President of Development & Acquisitions
Senior Vice President of Development & Acquisitions
Executive Vice President of Hotel Operations
Compensation as of Fiscal Year 2017.

Interstate Hotels & Resorts Inc. Key Developments

Interstate Hotels & Resorts Names Fernando Salazar Senior Vice President, Food & Beverage

Interstate Hotels & Resorts has appointed Fernando Salazar as the senior vice president of food & beverage. In the newly created role, Salazar brings a passion for cuisine and an international flair to partner with market leading chefs and mixologists for menu development, culinary team training and ensuring engaging guest experiences across Interstate's portfolio.

Greg O'Stean Names Chief Development Officer North America of Interstate Hotels & Resorts

Interstate Hotels & Resorts announced the appointment of Greg O'Stean as the chief development officer, North America, reporting to Chief Investment Officer, Leslie Ng. Greg will be responsible for helping the company continue its successful expansion by driving overall business growth in North America. Most recently, Greg served as the chief investment officer at Loews Hotels, where he led the hotel acquisitions and development, asset management, and owner relations platforms.

Interstate Hotels & Resorts Expands Footprint in Western Europe

Interstate Hotels & Resorts announced the addition of 12 new hotels to its international portfolio, including the company's first entry into France. Interstate will manage the hotels under long-term agreements for owner, development and lease partner Borealis Hotel Group, a Dutch hotel company with continued expansion potential for the Netherlands, Belgium, Germany, France and additional Western European countries. The properties – including the currently operating 314-key Ibis Budget Amsterdam City South and the 63-key Hotel Indigo The Hague-Palace Noordeinde with the other properties scheduled to open in 2018 and 2019 – contain 1,732 high quality, stylish select service midscale and upscale keys under IHG, Accor, Marriott and Hilton brand franchises in first-rate locations across The Netherlands, Belgium and France.

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