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Six new hotels for Interstate Hotels & Resorts

18 December 2014 by
Six new hotels for Interstate Hotels & Resorts

US-based hotel management company Interstate Hotels & Resorts has signed six new hotels in the UK.

The signings include three existing properties: the 95-bedroom Holiday Inn Express Dundee, 179-bedroom Staybridge Suites Birmingham and 124-bedroom Ramada Encore Luton Airport; as well as three hotels under development: 90-bedroom Holiday Inn Express Wigan (due to open in 2015), 124-room Indigo Hotel Brighton (2016) and 50-bedroom Ibis Styles Greenwich North (2016).

Interstate's expansion in the UK follows its entry into the market in March 2013 when it acquired the management arm of Sanguine Hospitality and took over the operation of 14 hotels. Six months later, the company acquired Chardon Management and its portfolio of 32 hotels.

Aaron Greenman, senior vice-president of acquisitions and development for Europe at Interstate, described the company as the only operator that is "truly independent", with the sole focus on operating assets for third party owners.

Interstate is a 50/50 joint venture between subsidiaries of Thayer Lodging Group and Jin Jiang Hotels. It currently manages 426 hotels with more than 79,000 rooms in North America, Europe and Asia-Pacific, with ownership interest in 37 properties.

Interstate Hotels & Resorts acquires Chardon Management portfolio of 32 hotels >>

Interstate Hotels & Resorts enters UK with acquisition of Sanguine Hospitality's management business >>

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