ARLINGTON, Va., May 18, 2015 /PRNewswire/ -- Distinguished hotel trade publication Hotel Business recently released their 2015 Management Company survey, naming Interstate Hotels & Resorts – the leading U.S.-based global hotel management company – the No. 1 leading hotel management company out of 120 hotel management companies for the sixth year in a row, based on 2014 total revenue managed.
"Receiving this title year after year demonstrates Interstate's capabilities and depth of expertise managing hotels across all industry segments," said Jim Abrahamson, chief executive officer of Interstate. "This is a true testament to Interstate's successful operating strategies, global knowledge, vast resources and strong relationships, allowing the company to deliver dedicated services and exceptional results to owners and developers."
Made to honor third-party management companies within the hospitality industry, Hotel Business' management company survey highlights gross annual revenue, number of properties managed, number of rooms managed, number of third-party properties managed and ownership stake of each company, with comparisons to the previous year's numbers. Interstate sweeps the board with nearly 80,000 rooms and 430 hotels managed at the time of survey.
"The Hotel Business ranking continues to emphasize Interstate as the established leader, positioned as the hotel operator of choice to effectively impact owners' bottom lines," said Leslie Ng, Interstate's chief investment officer. "Our significant resources contribute to our leading success, and are applied to investment and growth strategies to continue to elevate our company."
Known as the global leader in the hotel management industry, Interstate's relationships and knowledge – shared among brilliant hospitality partners and its unmatched educational curriculum – result in an expansive management team and advanced talent strength worldwide through a 450-hotel portfolio worldwide. Interstate's unsurpassed talent community translates valuable resources and accumulation of knowledge into a proven track record of employee retention.
For more information on Interstate Hotels & Resorts, visit www.InterstateHotels.com.
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 global hotel management company, operating branded full- and select-service hotels and resorts, convention centers and independent hotels worldwide. Interstate and its affiliates manage 450 hotels with over 80,000 rooms in North America, Europe and Asia-Pacific, including five wholly owned hotels. In addition, Interstate has executed agreements to manage 33 hotels with nearly 5,000 rooms under construction or development throughout the world.
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 www.interstatehotels.com/careers.
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SOURCE Interstate Hotels & Resorts