Interstate Hotels & Resorts, Inc.

Interstate Hotels & Resorts, Inc.

Interstate Hotels & Resorts, Inc.

Overview
Date Founded

1960

Headquarters

2011 Crystal Drive,Suite 1100,Arlington, VA 22202

Type of Company

Private

Employees (Worldwide)

19.1K

Industries

Hotels, Resorts, and Cruiselines
Restaurants
Consumer Services
Casinos & Gaming

Company Description

Interstate Hotels & Resorts, Inc. owns and operates hotels. It specializes in hotel management, development, procurement, and hotel financing. The company was founded in 1960 and is is headquartered in Arlington, VA.

Contact Data
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Executives & Employees

President, Chief Executive Officer & Director

Chief Marketing Officer

Chief Information Officer

Chief Human Resources Officer

Executive Vice President-Acquisitions & Development EMEA

Executive Vice President-Development & Acquisitions

Chief Financial Officer

Executive Vice President & General Counsel

Chief Marketing Officer

General Manager

Board of Directors

President at Marriott International National Association Board

President, Chief Executive Officer & Director at Interstate Hotels & Resorts, Inc.

Operating Partner at Kohlberg & Company LLC

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Interstate Hotels & Resorts, Inc.
Recent Transactions
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Advent International Corp., Aimbridge Hospitality LLC purchase Interstate Hotels & Resorts, Inc. from Kohlberg & Company LLC

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Kohlberg & Company LLC purchases Interstate Hotels & Resorts, Inc. from Hotel Acquisition Co. LLC, Thayer Lodging Group, Inc.

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Interstate Hotels & Resorts, Inc. purchases Chardon Management Ltd.

Transaction Advisors
Accountant

Advised onInterstate Hotels & Resorts, Inc. purchases Hilton Concord Hotel /Concord, CA from Hanford Hotels, Inc.

Legal Advisor

Advised onShanghai Jin Jiang Capital Co., Ltd., Hotel Acquisition Co. LLC, Thayer Hotel Investors V-A LP purchase Interstate Hotels & Resorts, Inc.

Investment Advisor

Advised onAdvent International Corp., Aimbridge Hospitality LLC purchase Interstate Hotels & Resorts, Inc. from Kohlberg & Company LLC

Co-Chair, Antitrust Practice Group

Advised onAdvent International Corp., Aimbridge Hospitality LLC purchase Interstate Hotels & Resorts, Inc. from Kohlberg & Company LLC

Legal Advisor

Advised onAdvent International Corp., Aimbridge Hospitality LLC purchase Interstate Hotels & Resorts, Inc. from Kohlberg & Company LLC

Counsel

Advised onAdvent International Corp., Aimbridge Hospitality LLC purchase Interstate Hotels & Resorts, Inc. from Kohlberg & Company LLC

Advisors & Consultants
Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Publicist

Professional at The Zimmerman Agency, Inc.

Clients

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels. The Company's portfolio consists of 145 hotels in 21 states and the District of Columbia, with a total of more than 21,600 rooms. Our hotels are geographically diverse and concentrated in major urban areas and dense suburban markets that provide multiple demand generators from business, leisure and other travelers. At the same time, as a result of high construction costs and the density of these urban and suburban markets, these locales provide significant barriers to entry. We believe that our investment strategy and the current market environment present attractive opportunities for us to acquire additional hotels with significant upside potential. The company is a self-advised and self-administered Maryland real estate investment trust and is traded on the New York Stock Exchange under the stock symbol "RLJ". Our strategy is to invest in focused service and compact full-service hotels, which typically generate most of their revenue from room rentals, have limited food and beverage outlets and meeting space, and require fewer employees than larger hotels. We believe that such premium-branded, focused-service hotels have the potential to provide attractive returns relative to other hotel types due to their ability to generate revenue per room comparable to that of full-service hotels, while providing higher profit margins as a result of a more efficient operating model and less volatile cash flows. Our hotels operate under well-recognized global brands, including Courtyard by Marriott, Residence Inn by Marriott, Hilton Garden Inn, Homewood Suites by Hilton, Hyatt Place and Embassy Suites and we maintain strong relationships with these leading franchisors. The company became publicly-traded in May 2011 and was formed to succeed to the hotel investment and ownership platform of RLJ Development and its two remaining lodging-focused private equity funds, RLJ Lodging Fund II, LP and RLJ Real Estate Fund III, LP. RLJ Development was co-founded in 2000 by Robert L. Johnson, our Executive Chairman, and Thomas J. Baltimore, Jr., our President and Chief Executive Officer, and, over more than 10 years of operations, the company has developed significant expertise in acquiring and asset managing focused service and compact full-service hotels. Our experienced senior management team, which operated the company's predecessor, is comprised of seasoned professionals with extensive industry relationships and asset management experience that will allow us to continue to compete effectively for acquisition activities and generate strong internal growth. In addition, we plan to enhance the value of this platform by being open and transparent in our investor communications and following sound corporate governance practices

Apple Hospitality REIT, Inc. is a self-advised real estate investment trust company, which invests in income-producing real estate, primarily in the lodging sector. It owns hotels located in urban, high-end suburban, and developing markets throughout states, which operates under Marriott, Hilton, or Hyatt brands. The company was founded by Glade M. Knight on November 8, 2007 and is headquartered in Richmond, VA.

Sunstone Hotel Investors, Inc. is a real estate investment trust, which engages in the acquisition, ownership, asset management and renovation of hotels and resorts. It operates under the following brands: Marriott, Hilton, and Hyatt. The company was founded by Robert A. Alter in 1985 and is headquartered in Aliso Viejo, CA.

Key Stats and Financials As of 2019
Market Capitalization
Total Enterprise Value
Earnings Per Share
Revenue
$1.32B
Non-Profit Donations & Grants
Investments
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MeriStar Investment Partners LP operates as a private investment company. The company is headquartered in Washington, DC.

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TVHG Budget Group Netherlands BV invests in and operates hotels. It is an investment company, focused on the hospitality and leisure market in major capital cities and airport locations across the Europe. The company was founded by Bart van de Kamp and is headquartered in Amsterdam, the Netherlands.

Investors
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Shanghai State-Owned Assets Supervision & Administration Commission is a governement agency that administers & supervises state-owned assets in Shanghai. The commission was founded in July 1993 and is headquartered in Shanghai, CN.

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Thayer Lodging Group, based in Annapolis, Maryland, is a privately held hotel investment company that was formed in 1991 by Frederic V. Malek and Leland Pillsbury. Thayer has a lengthy and successful track record that spans multiple investment cycles. Since forming its first private equity fund in 1991, Thayer has completed 37 hotel investments with a total acquisition cost of approximately $1.8 billion. Thayer's realized and Substantially Realized investments, which represent 26 hotels and approximately 66% of Invested Equity, have cumulatively returned a Realized Multiple on Invested Equity of 2.6x.Thayer currently owns a portfolio of 15 hotels and 3,391 guest rooms.Thayer employs a disciplined approach to asset selection and targets investments with significant value-add opportunities. Thayer seeks to invest in hotels where the Company's expertise can add value through its time-tested strategies which include extensive renovation, market repositioning, expense reduction and rebranding as methods of improving net operating incomes.Thayer believes that the current economic environment, more stringent loan underwriting standards and reduced availability of debt financing combine to create a compelling investment opportunity to acquire hotels with significant value-add opportunities at favorable prices.Thayer is currently seeking acquisition opportunities for hotels that would benefit from the application of its repositioning strategies. Thayer will focus on North American hotel assets, with a continuing, primary emphasis on properties in the United States. The Company will target primarily full-service hotels, as it believes that the complex operating dynamics of these properties, together with a supply-demand imbalance, present substantial opportunities.The senior management team has substantial experience in the hotel investment, operations and finance disciplines and has served as senior officers in both public and private hotel companies.

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KC's primary focus is on traditional middle-market manufacturing and service companies. Historically, the firm has not invested in companies that are in sectors such as technology and emerging telecommunications. They believe that established companies with recognized industrial or consumer brands and sizable market shares offer attractive platforms for long-term growth and profit optimization.The firm has also made selected investments in food, healthcare and service businesses where it perceived attractive opportunities. KC also seeks companies where an equity infusion can reduce excessive leverage that is inhibiting operations and limiting growth.

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