Wednesday, May 18, 2011

Interstate Hotels & Resorts Adds Two Hotels to Management Portfolio

ARLINGTON, VA, May 18, 2011—Interstate Hotels & Resorts, the United States’ largest independent hotel management company, today announced that the company has assumed management of two premium-branded, select-service hotels owned by Summit Hotel Properties, Inc. (NYSE: INN), a Sioux Falls, S.D.-based hotel real estate investment trust (REIT).

 The hotels are the Homewood Suites Jackson-Ridgeland in Mississippi (top left photo) and the Staybridge Suites Denver Cherry Creek in Colorado (middle right photo).  Interstate’s Crossroads Division, which specializes in select-service hotels, operates the two extended-stay properties.

“We began our relationship with Summit in February when they selected us to manage 65 hotels, and we look forward to building on this as Summit continues to acquire more properties,” said Thomas F. Hewitt (bottom  left photo), Interstate’s chairman and chief executive officer.  “With the addition of these two properties, Interstate now has 338 hotels in its portfolio worldwide, and our pipeline, both international and U.S., is very active.”

Located at 853 Centre Street in Ridgeland, Miss., north of Jackson, the 91-room Homewood Suites Jackson-Ridgeland features spacious studio, one- and/or two-bedroom suites with separate living and sleeping areas. 

With its easy access to Interstate 55, the property is convenient to downtown Jackson and surrounding businesses, as well as a number of leisure attractions, including Annandale Golf & Country Club, Vicksburg casinos and the area’s best shopping venues.

The 121-suite Staybridge Suites Denver Cherry Creek at 4220 E. Virginia Ave., Glendale, Colo. enjoys a convenient location south of Denver, minutes from downtown attractions. 

For business travelers, the hotel is within five miles of the Denver Convention Center and proximate to Infinity Park Events Center and the state capital’s government offices and major downtown businesses.  For leisure travelers, the hotel is a short drive to Mile High Stadium and close to Elitch Gardens Theme Park, Denver City Park and the Denver Zoo.

Additional information about Interstate is available at the company’s website:
Jerry Daly, Carol McCune, Media, Daly Gray, (703) 435-6293,
Carrie McIntyre, SVP, Treasurer, Interstate Hotels & Resorts, (703) 387-3320

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