ARLINGTON, VA—Interstate Hotels & Resorts, the United States’ largest independent hotel management company, announced the appointment of Edward J. Blum to the position of executive vice president, development & acquisitions.
In his new position, he will be responsible for identifying management contract opportunities and hotel acquisition candidates, as well as overseeing the company’s relationships with hotel owners and hotel franchise companies.
Blum will report to Leslie Ng, Interstate’s chief investment officer.
He joins Interstate from Molinaro Koger, an international hotel real estate advisory firm, where he served as global head of capital markets. Under his leadership, the group originated more than $1 billion in debt and equity financing for hospitality transactions throughout the U.S, Europe, and Asia.
For more information about Interstate Hotels & Resorts, visit the company’s Web site: http://www.ihrco.com/.
Contact:
Jerry Daly, Carol McCune, Media, Daly Gray, (703) 435-6293,
Carrie McIntyre, SVP, Treasurer, Interstate Hotels & Resorts, (703) 387-3320
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