ARLINGTON, VA, Dec. 8, 2010—Interstate Hotels & Resorts, the United States’ largest independent hotel management company, today announced that it has signed agreements to manage 13 hotels recently acquired by affiliates of The Blackstone Group (Blackstone), a global alternative investment management firm. The upscale full-service properties are located in major urban markets and primarily include properties that were recently renovated and rebranded with Hilton, Starwood and Marriott brands.
“This brings to 21 the number of properties we manage for affiliates of The Blackstone Group and continues a relationship that began in 2006,” said Thomas F. Hewitt (top right photo), Interstate chief executive officer.
“The selection of Interstate to manage these properties underscores Blackstone’s confidence in our continued ability to deliver a better bottom line at major urban properties in any economic climate.”
According to Leslie Ng, Interstate’s chief investment officer, the portfolio includes six Westins, two Hiltons, two Sheratons, two Marriotts, and a Wyndham, aggregating 5,466 rooms, located in nine states, the District of Columbia and Canada.
The 13 hotels are:
Hotel Name | Location | # of Rooms |
Sheraton Philadelphia City Center Hotel | Philadelphia, Pa. | 757 |
Westin New Orleans Canal Place | New Orleans, La. | 438 |
Westin Washington D.C. City Center | Washington, D.C. | 406 |
Westin San Diego | San Diego, Calif. | 436 |
Sheraton Baltimore City Center Hotel | Baltimore, Md. | 706 |
The Buttes, A Marriott Resort | Tempe, Ariz. | 353 |
Wyndham Chicago Downtown | Chicago, Ill. | 417 |
Westin Chicago Northwest | Chicago, Ill. | 408 |
Hilton Fort Lauderdale Airport | Ft. Lauderdale, Fla. | 388 |
Hilton Burlington | Burlington, Vt. | 257 |
Westin Harbour Island | Tampa, Fla. | 299 |
Marriott Atlanta Downtown | Atlanta, Ga. | 313 |
Westin Bristol Place Airport | Toronto, Ont. | 288 |
Total rooms: | 5,466 |
For more information about Interstate Hotels & Resorts, visit the company’s Web site: www.ihrco.com.
Contact:
Jerry Daly, Carol McCune Carrie McIntyre
Media SVP, Treasurer
Daly Gray Interstate Hotels & Resorts
(703) 435-6293 (703) 387-3320
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