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Interstate Hotels & Resorts

History of Interstate Hotels & Resorts                                  

Tracing its roots to 1960, Interstate Hotels & Resorts has grown in strength and experience over the past five decades. With a diversity of talented leadership and management, Interstate delivers an unmatched level of service and results to owners, and a world of opportunities for associates.

2000s-Today | 1990s | 1980s | 1960s-70s

2000s-Today
The first decade of the new millennium provided significant opportunities for Interstate: in 2002, Pittsburgh-based Interstate Hotels Corp. (IHC) and Washington, DC-based MeriStar Hotels & Resorts (MHR) merged to form Interstate Hotels & Resorts (IHR). By the end of the decade, Interstate announced it would be acquired by a joint venture between Thayer Lodging and Jin Jiang Hotels. In between, the company executed on a strategic growth plan through hotel investments along with an intensified international expansion, ultimately holding interests in 56 properties and operating in seven countries.

In 2010, Interstate celebrated an anniversary milestone, “Exceeding Expectations for 50 Years,” and has embarked on another decade of success with renewed energy to deliver excellence to customers and carry out its vision to be the leading, independent, multinational hotel operator worldwide.

Today, as the largest U.S.-based global hotel management company, Interstate and its affiliates manage and/or own nearly 400 hotels with more than 69,000 rooms spanning ten countries.

  • Interstate signs a management agreement for the Ramada Alleppey Hotel in India, its 6th opened or signed property in that country (2011).
  • Interstate Hotels & Resorts acquires Noble Management Group and begins managing 55 properties with over 9,000 rooms throughout the U.S. (2011).
  • Interstate invests in a 9-hotel portfolio aggregating 1,800 rooms under development in the Netherlands, representing the company's 10th country of operations (2011).
  • Interstate assumes management of a 30-hotel portfolio owned by affiliates of Inland American Real Estate Trust (2011).
  • Interstate assumes management of Summit Hotel Properties' 65-hotel portfolio (2011)
  • Interstate transitions 13 premium full service hotels owned by affiliates of The Blackstone Group (2010).
  • Interstate opens the 366-room Renaissance Moscow Monarch Centre, its seventh managed hotel in Russia's capital city (2010).
  • The company forms a strategic alliance with International Hotel Investments Ldt (IHI Ltd), an affiliate of Harte Holdings, to operate and selectively invest in hotels throughout Europe (2010).
  • Interstate signs a joint venture agreement with Shanghai-based Jin Jiang Hotels to manage hotels in China, creating a platform for third-party hotel management in that country (2010).
  • Interstate Hotels & Resorts is acquired and becomes a wholly-owned subsidiary of a 50/50 joint venture between Thayer Lodging and Jin Jiang Hotels (2010).
  • JHM Interstate Hotels India opens the Four Points by Sheraton Jaipur-City Square hotel in India (2009).
  • Interstate Hotels & Resorts expands its international portfolio with three boutique hotels in London, making England the seventh country outside the U.S. with an Interstate presence (2009).
  • The company forms a joint venture with JHM Hotels, named JHM Interstate Hotels India, to operate hotels in India. Interstate also invests in the Duet Fund which is focused on the development of hotels in India (2008).
  • The company's Crossroads select-service division opens and manages the first Aloft hotel in the U.S., the Aloft Ontario-Rancho Cucamonga, CA. Later in the year, Crossroads opens the Aloft Nashville-Cool Springs, TN (2008).
  • Interstate opens a branch office in Moscow to oversee Moscow and Europe hotel operations, sales and development (2007).
  • Interstate is selected to manage the first Hilton-branded hotel in Moscow, the Hilton Leningradskaya, which reopens in 2008 after extensive renovations (2006).
  • The company enters Mexico through a joint venture with Steadfast Companies, named IHR de Mexico,  which invests in and operates three resorts under the Tesoro Resortsbrand (2007).
  • Interstate opens and manages the Marriott Ghent in Belgium and the Marriott Ashbourne in Ireland (2006).
  • Interstate opens and manages the first Residence Inn in Manhattan (2005).
  • Interstate Hotels & Resorts acquires Sunstone Hotel Properties, an operating company with 54 premium full- and select-service hotels (2004).
  • Interstate Hotels Corp. (IHC) and MeriStar Hotels & Resorts (MHR) merge to form Interstate Hotels & Resorts (IHR) (2002).

 

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