Interstate Hotels & Resorts Announces New European Hotels Signed and Opened Interstate Adds to Global Footprint with Hotels in the United Kingdom, The Netherlands, Bosnia & Herzegovina, Belarus and Kazakhstan
ARLINGTON, Va., Aug. 18, 2014 /PRNewswire/ -- Interstate Hotels & Resorts – the leading U.S.-based global hotel management company – announces eight new hotels recently opened or signed in growing European and CIS markets, including the United Kingdom, The Netherlands, Bosnia & Herzegovina, Belarus and Kazakhstan, all under top international franchise brands. The new additions to the portfolio further emphasize Interstate's global knowledge and unmatched brand variety worldwide, leading the hotel sector with an incomparable level of global diversity, managing a standard of hotels unattained by other independent management companies.
With established scale and operating platforms throughout the region, Interstate has expanded its footprint to include hotels in new markets in Eastern Europe and the CIS, including:
- 133-room Courtyard Sarajevo and 70-room Residence Inn Sarajevo; the only internationally branded hotels in Bosnia & Herzegovina upon opening in 2015
- 267-room Renaissance Minsk Hotel, Belarus; recently opened
- 271-room Marriott Astana Hotel, Kazakhstan; recently opened
- 100-room Holiday Inn Express Folkestone-Channel Tunnel, UK
- 204-room Holiday Inn Express London Excel, UK; anticipated to open in early 2015
- 120-room Holiday Inn Amsterdam-Arena Towers and 323-room Holiday Inn Express Amsterdam-Arena Towers, the Netherlands; recently opened
"The addition of this diverse group of hotel brands to our portfolio is exemplary of Interstate's global intuitions and brand relationships," said Jim Abrahamson, chief executive officer of Interstate Hotels & Resorts. "Harnessing the Company's strength, including our institutional-quality scale, we leverage Interstate's knowledge, relationships and resources into operating units that are very owner-centric. Brands and owners are confident with us and, as a result, no other hotel management company offers a comparable level of longstanding, trusted relationships, world-class systems and steady ability to invest capital on a consistent basis."
"Expanding Interstate's reach to 12 countries, we utilize global growth as a strategy, providing the resources, reliable systems, financial reporting and market intelligence to drive superior results to owners," said Leslie Ng, Interstate's chief investment officer. "As the only institutional grade management company in Europe, Interstate translates global knowledge from its expansive, diverse portfolio into local enhancements, from guest experiences to marketing and F&B."
Spanning North America, the UK, Europe, Russia/CIS, China and India, Interstate is the leading U.S.-based global hotel management company. 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 50 years to contribute to each owner's success.
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 451 hotels with 82,800 rooms in North America, Europe and Asia-Pacific, with ownership interest in 35 hotels. In addition, Interstate has executed agreements to manage 32 hotels with nearly 5,400 rooms under construction or development throughout the world.
For more information regarding hotel management in Europe, 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.
SOURCE Interstate Hotels & Resorts