Interstate Hotels & Resorts, I
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| Ticker | IHR | |
| 4501 North Fairfax Drive, Suite 500 Arlington, VA 22203 703-387-3100 Fax: 703-387-3101 | ||
| Ownership Institutional Insiders | 70% 9% | |
| Dividends Industry | none Lodging | |
| Official website: http://www.interstatehotels.com | ||
Founded in 1998, Interstate Hotels & Resorts, Inc., together with its subsidiaries, operates as a hotel real estate investor and operator. As of December 31, 2007, Interstate Hotels & Resorts and its affiliates managed 191 hotel properties with 42,620 rooms, as well as a convention center, a conference center, a spa facility, and 2 laundry centers in 36 states, the District of Columbia, Russia, Mexico, Canada, Belgium, and Ireland.
[edit] Divisions
- Hotel Ownership - wholly-owned hotels and joint venture investments in hotel properties. As of December 31, 2007, it owned 7 hotels with 2,045 rooms; and held non-controlling equity interests in 17 joint ventures, which owned or held ownership interests in 22 of its managed properties.
- Hotel Management - manages a portfolio of upscale, full-service and premium, and select-service hospitality properties. It also provides ancillary services in the hotel, resort, conference center, and golf markets, which include insurance and risk management placed through a licensed broker, purchasing and project management, information technology and telecommunications, and centralized accounting functions.
[edit] Franchises
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[edit] Recent News
It was announced on May 29, that the company will be taking over management Crowne Plaza at the New Orleans International Airport.
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