ARLINGTON, VA., Nov. 8, 2010—Interstate Hotels & Resorts, the United States’ largest independent hotel management company, today announced that Martin A. Reid has joined the company as executive vice president, development & acquisitions.
In his new position, he will focus on sourcing and acquiring hotels in concert with Interstate’s roster of equity partners and on identifying management contract opportunities, in addition to managing the company’s relationships with financial and institutional fund managers, hotel franchise companies, hotel owners and real estate brokers.
Reid will report to Leslie Ng, Interstate’s chief investment officer.
He joins Interstate from Cheswold Real Estate Investment Management, where he was a founding partner in charge of acquisitions and responsible for investment strategy and management of the firm, including extensive capital raising activities.
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, jerry@dalygray.com
Carrie McIntyre, SVP, Treasurer, Interstate Hotels & Resorts, (703) 387-3320,
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