Interstate Hotels & Resorts Adds The London NYC Boutique/Lifestyle Hotel to its Portfolio
ARLINGTON, VA. November 16, 2015 - With consumer demand for independent boutique hotels increasing*, many boutique and independent hoteliers look toward Interstate Hotels & Resorts - the leading U.S.-based global hotel management company - as their management partner. With an independent boutique portfolio of nearly 50 hotels, Interstate translates global knowledge from its expansive, diverse portfolio into local enhancements, from service intuition to marketing and F&B. Over the past several years, Interstate has become the most prolific boutique/independent operator around the globe.
“Interstate offers a strong and capable team for operating independent and boutique hotels worldwide,” said Jim Abrahamson, Interstate's chief executive officer. “Our expertise spans three continents, operating all asset classes and segments from large convention hotels to independents. Owners of independent hotels have the confidence in Interstate to bring their vision to life while driving optimal returns on their investment.”
Interstate's independent portfolio has recently grown, including prestigious additions such as NoMo SoHo and The Renwick hotels in Manhattan, N.Y.; Heathman Kirkland Hotel, Wash.; Hotel Angeleno, Hotel Erwin and La Casa Del Camino hotels in Calif.; and The Whitney Hotel in New Orleans, La.
In addition, Interstate Hotels & Resorts is now operating the 562-suite The London NYC, rising 54 stories in the heart of midtown Manhattan, with spectacular views of Central Park. The all-suite luxury boutique hotel offers exceptional accommodations and an incomparable Manhattan experience.
Owners of independent and boutique hotels benefit from Interstate's localized depth of talent in this segment, backed by operational specialization and institutional-grade systems, and as a result, no other hotel management company offers a comparable level of global diversity on a consistent basis. Interstate's expertise, innovative thinking and execution in operating independent hotels includes employing the best talent, finding solutions and delivering experiences to increase guests' intent to return.
“Translating our global knowledge from our expansive, diverse portfolio, Interstate continuously improves to be the best in the business and the management company of choice for owners,” said Leslie Ng, chief investment officer of Interstate. “Interstate's depth of expertise spans all industry segments, including full-service, select-service, and extended stay under all independent and major hotel brands worldwide. Owners are quickly recognizing Interstate's unique ability to enhance the operating performance and value of their independent hotels. It is certainly becoming a growing specialty of our company.”
Interstate also continues on its rapid pace of growth. As of October 2015, Interstate has added 77 hotels this year to its managed portfolio. Highlights include the Hilton San Diego Del Mar, Calif.; Four Points by Sheraton Nashville Airport, Tenn.; Hyatt Centric The Loop Chicago, Ill.; Renaissance Fort Lauderdale Cruise Post, Fla.; Hotel Indigo Ashville Downtown, N.C.; Holiday Inn London Gatwick Airport, DoubleTree by Hilton Hotel and Spa, and Hilton at the Ageas Bowl Southampton, U.K.; Ibis Dublin, Ireland; Holiday Inn Express Ghent, Belgium; and Courtyard and Residence Inn hotels in Sarajevo, Bosnia and Herzegovina.
Known as the global leader in the hotel management industry, Interstate manages 440 hotels in every asset class. The Company's comprehensive services are built on large-scale company resources, delivered with the personalized and focused attention of a small company. Including an owner-aligned organizational structure, experienced corporate support and expansive industry and global knowledge, Interstate uses the experience culminated over 55 years to contribute to each owner's success.
For more information about Interstate Hotels & Resorts, please visit www.interstatehotels.com.
*According to the Boutique & Lifestyle Lodging Association.
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. As of October 2015, Interstate and its affiliates manage 440 hotels with 78,600 rooms in North America, the UK, Europe, Russia and the CIS, and China, including ownership interest in 32 hotels. In addition, Interstate has executed agreements to manage 39 hotels with 5,000 rooms under construction or development throughout the world. For more information, please visit www.interstatehotels.com.
About Interstate Intelligence
The successful overarching platform - Interstate Intelligence - is the capitalization of the Company's extensive management team strength, custom owner deployment, intuitive service training, leading organizational structure, longstanding personal relationships, exceptional technology leadership, deep market intelligence and second to none experience managing 440 hotels across multiple tiers and brands. Built on integrity for more than 55 years, Interstate's incomparable proprietary programs - Interstate Ignition, Interstate Intellect, Interstate Integration, Interstate Insights and Interstate Intuitions - harness and activate smart resources, all collaborating toward owner profitability.
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