Interstate Hotels & Resorts Completes Acquisition of 83 Property Management Agreements from White Lodging
Interstate Hotels & Resorts (“Interstate” or the “Company”) - the leading U.S.-based global hotel management company - announces it has closed on the acquisition of the management agreements of 82 premium-branded, select- and full-service hotels, plus one restaurant, from White Lodging effective January 24, 2018.
“A transaction of this nature aligns well with our growth strategy and we're excited with the direction this new expansion is taking us,” said Michael Deitemeyer, Interstate's president & CEO. “We've gained high quality hotels under long-term management agreements, and increased our depth of talent with valued and experienced leadership teams.”
Historically, today marks the largest single-day transition for Interstate Hotels & Resorts. Interstate is thrilled to welcome 2,500 new associates, 78 select-service and 4 full service properties under iconic lodging brands including Marriott, Hyatt and Hilton into its portfolio.
A global leader in third-party hotel management, Interstate Hotels & Resorts' depth of experience across all lodging segments and asset classes drives results in each of its managed hotels worldwide. For more information on Interstate Hotels & Resorts, visit www.InterstateHotels.com.
About Interstate Hotels & Resorts
Interstate Hotels & Resorts is the leading U.S.-based global hotel management company, operating branded full- and select-service hotels, resorts, convention centers, and independent hotels. Currently, Interstate's global portfolio represents 540 properties in 12 countries inclusive of committed pipeline of signed hotels under construction or development around the world. The Company's experienced operators, industry leading platforms, and extensive management capabilities produce exceptional guest experiences and optimal returns for hotel owners and investors. For more information, please visit www.interstatehotels.com, or follow Interstate on Facebook and LinkedIn.
Media Contact:
Kerri Crannis
kcrannis@zimmerman.com
850-668-2222
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
