Interstate Hotels hires former Loews exec as chief development officer

Ibis Budget Amsterdam City South, The Netherlands. Photo credit: AccorHotels Group

U.S.-based hotel management company Interstate Hotels & Resorts has appointed Greg O'Stean as the CDO for the company's North America division.

O'Stean will be responsible for helping the company continue its expansion across the region. He will report to Leslie Ng, CIO for Interstate Hotels & Resorts. 

Greg O'Stean. Photo credit: Interstate Hotels & Resorts

O'Stean served as the CIO at Loews Hotels prior to joining Interstate, leading the hotel acquisitions and development, asset management and owner relations platforms. He also held executive positions at Carlson Rezidor Hotel Group (now Radisson Hotel Group), Piper Jaffray & Company and GE Capital. 

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O'Stean's division has a portfolio of 399 hotels across the U.S. The unit added a set of 20 hotels with 2,544 guestrooms in five states and Washington, D.C. to its portfolio this month following its acquisition of Gateway Hospitality Group's management platform. These operate under Interstate subsidiary Interstate Gateway Management through franchised brands, including Hilton and Hyatt.  
    
Interstate also announced its plans to expand across Western Europe this month. The company added 12 new hotels to its international portfolio, which Interstate will manage under long-term agreements for Dutch owner, developer and lease partner Borealis Hotel Group. The properties have a total of 1,732 guestrooms under IHG, Accor, Marriot and Hilton brand franchises across The Netherlands, Belgium and France. These include the 314-room Ibis Budget Amsterdam City South, the 63-room Hotel Indigo The Hague-Palace Nooreinde and other properties slated to open in 2018 and 2019.

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