Interstate Hotels & Resorts Opens and is Managing the New Four Points by Sheraton Long Island City/Queensboro Bridge Hotel

ARLINGTON, VA, May 10, 2011—Interstate Hotels & Resorts, the United States’ largest independent hotel management company, today announced that it has opened and is managing the 88-room Four Points by Sheraton Long Island City/Queensboro Bridge (top left photo)  in Queens, New York. 

The newly built hotel, which was developed and is owned by 39th Ave Holding LLC, is the first property Interstate manages for the ownership group. 

“The addition of this management contract continues the upward trend in new contracts we’ve seen this year,” said Thomas F. Hewitt (middle right photo), Interstate’s chairman and chief executive officer.  “It is particularly gratifying to be operating this property, our fourth managed Four Points by Sheraton and our ninth hotel in the New York metropolitan region, on behalf of a new ownership group.”

“Interstate has significant experience and an impressive track record in the upscale select-service segment, and we’re confident that their size, proven systems and knowledge of the New York market will have a significant positive impact on the hotel,” said Michael Psarros, majority owner of the development group. 

" “This is our first development venture in the hospitality business, and we look forward to exploring other opportunities with Interstate.”

Located at 27-05 39th Avenue, Long Island City, the upscale select-service hotel is within walking distance of major subway lines N & Q on 39th Avenue and the #7 Train at Queensboro Plaza, two stops from Manhattan via the N line.

Additional information about Interstate is available at the company’s website: http://www.ihrco.com/

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For further information about the Four Points by Sheraton Long Island City/Queensboro Bridge, or to make a reservation, visit the hotel’s website: http://www.fourpointslongislandcity.com/  or call (718) 786-8500.

Contact:

Jerry Daly, Carol McCune, Media, Daly Gray, (703) 435-6293,  jerry@dalygray.com

Carrie McIntyre, SVP, Treasurer, Interstate Hotels & Resorts

(703) 387-3320, carrie.mcintyre@ihrco.com