Interstate Hotels & Resorts Announces Management Contracts for ibis budget Hotels in Derby and Leicester Interstate Expands United Kingdom Portfolio to 49 Hotels

ARLINGTON, Va., March 6, 2014 /PRNewswire/ -- Interstate Hotels & Resorts – the leading U.S.-based global hotel management company – announces new UK management contracts for ibis budget Hotel Derby and ibis budget Hotel Leicester. The new hotels increase Interstate's rapidly expanding UK portfolio by 154 guestrooms and cements its position as the premier hotel management company in the UK, raising its collection to 49 hotels managed and signed.

"Our confidence in the outlook for the UK hotel management sector is evident by Interstate's active pursuit of further expansion opportunities within the UK throughout 2014," said Jim Abrahamson, chief executive officer of Interstate. "Transaction activity in these markets is growing and Interstate is looking forward to utilizing our expansive bench strength, exceptional executives and strong leadership team in the UK to further enhance hotel owner opportunities, producing strong results worldwide."

The 81-room ibis budget Hotel Derby, and 73-room ibis budget Hotel Leicester, are mid-tier hotels situated close to the city centers of Derby and Leicester. Both hotels offer contemporary guestrooms with en-suite showers, air cooling, flat screen TVs and a continental breakfast served daily.

"Securing our management for these two attractive, centrally-located ibis budget hotels will add to Interstate's UK portfolio of full and select service branded hotels, including some independent brands," said Robert Crook, Interstate's managing director for the UK. "These management wins come in the wake of last month's rebranding of the former Quality Hotel to Holiday Inn Express Edinburgh Airport following a multi-million pound investment and take our UK portfolio to 49 hotels under franchise agreements with many of the world's leading hotel companies."

Interstate's UK portfolio currently consists of 49 hotels under franchise agreements with hotel companies including InterContinental Hotels Group, Hilton Worldwide, Accor, Wyndham and Best Western. Brands include Hotel Indigo, Holiday Inn, Holiday Inn Express, DoubleTree by Hilton, Hampton by Hilton, ibis Styles, ibis budget and Days. The portfolio also includes a number of independent hotels.

For more information about Interstate Hotels & Resorts in the UK and Europe, please visit www.interstatehotels.co.uk.  

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.  Interstate and its affiliates manage 390 hotels with more than 73,000 rooms in North America, Europe and Asia-Pacific, with ownership interest in 32 hotels. In addition, Interstate has executed agreements to manage 30 hotels with 5,500 rooms under construction or development throughout the world. 

For more information regarding hotel management in the United Kingdom, please contact Senior Vice President, Development-Europe, Aaron Greenman, at +32 490 43 15 72 or visit www.interstatehotels.co.uk.  For more information about Interstate Hotels & Resorts worldwide, please visit www.interstatehotels.com. Connect with Interstate at www.linkedin.com/company/interstate-hotels-resorts, www.facebook.com/InterstateHotels, and http://jobs.interstatehotels.com

SOURCE Interstate Hotels & Resorts



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