Interstate Hotels Forms IHI Alliance

26th April 2010 (Last Updated April 26th, 2010 18:30)

Interstate Hotels & Resorts has partnered with International Hotel Investments to operate and invest in hotels in Europe and to expand its third-party hotel management platform. Interstate already manages six hotels in the USA and Europe, four of which are owned by a joint venture

Interstate Hotels & Resorts has partnered with International Hotel Investments to operate and invest in hotels in Europe and to expand its third-party hotel management platform.

Interstate already manages six hotels in the USA and Europe, four of which are owned by a joint venture with affiliate Harte Holdings.

The company also has 12 third-party hotel management contracts in Europe and hopes to set up a European office to help with the expansion.

Interstate’s CEO Leslie Ng said the new partnership significantly enhances the company’s opportunities in Europe.