ARLINGTON, Va. and NEWPORT BEACH, Calif., July 22, 2016 /PRNewswire/ -- Interstate Hotels & Resorts – the leading U.S.-based global hotel management company – announces that it has been selected to manage the Holiday Inn Los Angeles–LAX Airport hotel, recently acquired by U.S. OCG, a subsidiary of Esong Group Co. Ltd. The agreement was celebrated at a signing ceremony held at the hotel on Tuesday, July 19th. Interstate will manage the hotel from its Newport Beach, Calif. office.
Distinguished guests in attendance at the July 19th ceremony included Bailin Hu, Hotel Investment Officer of Esong Group; Haiyan Lu, Commercial Counselor of Chinese Consulate in Los Angeles; Judy Hu, U.S. Congresswoman; and Libin Sun, President of ICBC Bank, USA.
"It is gratifying to win the confidence of U.S. OCG on their first hotel acquisition in the U.S. As we operated this hotel previously, our specialized market knowledge and depth of brand experience will allow us to continue providing exceptional results and service," said Don Li, Head of Interstate's Asia Investment Group. "We look forward to a long and strong relationship with this exceptional group."
"As the leading global management company, Interstate Hotels & Resorts has developed a successful operating strategy, deploying resources focused on achieving our investment goals," said Zhouyun Wang, Chairman of Esong Group. "Interstate consistently produces strong results, solidifying our choice for the Company to continue management of the Holiday Inn Los Angeles–LAX Airport."
Just 30 minutes from most major Los Angeles attractions and one mile from LAX, the 405-room Holiday Inn Los Angeles–LAX Airport hotel is centrally located to many Southern California leading attractions, beaches, universities, corporations and aerospace defense industries. The hotel features a 24-hour, complimentary LAX Airport shuttle; self-service Business Center open 24 hours; 4,066 sq. ft. of meeting space; outdoor heated pool; and Landings Lounge - where guests can enjoy California cuisine in a light and airy atmosphere.
Known as the global leader in the hotel management industry, Interstate's relationships and knowledge – shared among brilliant hospitality partners – result in an expansive management team and advanced talent strength through a 423-hotel portfolio worldwide. Interstate's unsurpassed hospitality professionals translate valuable resources and accumulation of knowledge into a proven track record of hotel success and associate engagement.
For more information about 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 and resorts, convention centers and independent hotels worldwide. Currently, Interstate and its affiliates manage 423 hotels with nearly 75,000 rooms in North America, the U.K., Europe, Russia and the CIS. In addition, Interstate has executed agreements to manage 43 hotels with 5,800 rooms under construction or development throughout the world.
For more information, please visit www.interstatehotels.com. Connect with Interstate at www.linkedin.com/company/interstate-hotels-resorts, www.facebook.com/InterstateHotels, and www.interstatehotels.com/careers.
About U.S. OCG
U.S. OCG is a global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, capital markets, credit strategies, and hedge funds. The firm is a wholly-owned subsidiary of Esong Group Co. Ltd., with core competencies in market development consultation and implementing progressive capital market solutions for investment projects. Through an integrated approach, the firm works closely with partners to provide access to the company's decades of financial and operational experience, industry expertise, insight into global macro/ geopolitical trends, and a powerful network of worldwide relationships to achieve clients' goals. For more information on U.S. OCG, please visit www.usocg.com.
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SOURCE Interstate Hotels & Resorts