Interstate Hotels & Resorts, I

Founded in 1998, Interstate Hotels & Resorts, Inc., together with its subsidiaries, operates as a hotel real estate investor and operator. As of December 31, 2007, Interstate Hotels & Resorts and its affiliates managed 191 hotel properties with 42,620 rooms, as well as a convention center, a conference center, a spa facility, and 2 laundry centers in 36 states, the District of Columbia, Russia, Mexico, Canada, Belgium, and Ireland.

Divisions

 * Hotel Ownership - wholly-owned hotels and joint venture investments in hotel properties. As of December 31, 2007, it owned 7 hotels with 2,045 rooms; and held non-controlling equity interests in 17 joint ventures, which owned or held ownership interests in 22 of its managed properties.
 * Hotel Management - manages a portfolio of upscale, full-service and premium, and select-service hospitality properties. It also provides ancillary services in the hotel, resort, conference center, and golf markets, which include insurance and risk management placed through a licensed broker, purchasing and project management, information technology and telecommunications, and centralized accounting functions.

Recent News
It was announced on May 29, that the company will be taking over management Crowne Plaza at the New Orleans International Airport.