Interstate Hotels & Resorts, Inc.

Interstate Hotels & Resorts, Inc.

Interstate Hotels & Resorts, Inc.

Overview
Date Founded

1960

Headquarters

5851 Legacy Circle,Suite 400,Plano, TX 75024

Type of Company

Private

Employees (Worldwide)

19.1K

Industries

Hotels, Resorts, and Cruiselines
Restaurants

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 Plano, TX.

Contact Data
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Executives & Employees

Chief Marketing Officer

Chief Information Officer

Chief Human Resources Officer

Executive Vice President-Development & Acquisitions

Chief Marketing Officer

General Manager

General Manager

General Manager

General Manager

General Manager

Board of Directors

Chief Executive Officer at Sunstone Hotel Properties, 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 Thayer Lodging Group, Inc., Hotel Acquisition Co. LLC

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

Transaction Advisors
Auditor

Advised onInterstate Hotels & Resorts, Inc. issued USD Common Stock

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

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.

InterGroup Corp. engages in the purchasing, development, operation, rehabilitation, and disposal of real property of various types and description. It operates through the following business segments: Hotel Operations, Real Estate Operations, and Investment Transactions. The Hotel Operations handles the business activities of hotels. The Real Estate Operations segment refers to the multi-family residential properties. The Investment Transactions segment represents the investment of the company's cash in marketable securities and other investments. The company was founded in 1985 and is headquartered in Los Angeles, CA.

Key Stats and Financials As of 2020
Market Capitalization
Total Enterprise Value
Earnings Per Share
Revenue
$1.33B
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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Hong Kong Securities Clearing Co., Ltd. provides securities clearing services. It offers integrated clearing, settlement, and depository and nominee activities to their participants. The company is headquartered in Hong Kong.

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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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