Interstate Hotels & Resorts signs 18-property UK management portfolio

Interstate Hotels & Resorts signed 18 management agreements for a portfolio of UK hotels owned by an affiliate of Cerberus Capital Management. Based in Birmingham, England, Interstate’s UK division now comprises 59 hotels, including signed pipeline, throughout the United Kingdom.

“The UK continues to be a priority strategic growth area for Interstate, and it is gratifying to see our portfolio expand in the region through a new relationship with a world-class owner,” said Jim Abrahamson, CEO of Interstate Hotels & Resorts. “Our formidable and owner-centric UK team – supported by Interstate’s global scale and experience – will successfully transition and operate these hotels, generating increased profitability and optimized asset value for our client.”

The 18-hotel portfolio comprises 2,443 guestrooms, consisting of Holiday Inn and Crowne Plaza branded hotels. Fifteen hotels will transition to Interstate management upon immediate effect, with three hotels transitioning in the next few months. Thirteen of the hotels also have Spirit & Health Fitness Clubs.

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The hotels include:

·      216-room Holiday Inn Gatwick London Airport
·      142-room Holiday Inn Farnborough
·      202-room Holiday Inn Reading South
·      188-room Holiday Inn Leicester
·      144-room Holiday Inn Hemel Hempstead 
·      139-room Holiday Inn Aylesbury
·      130-room Holiday Inn Southampton
·      112-room Holiday Inn High Wycombe
·      101-room Holiday Inn Edinburgh City West
·      135-room Crowne Plaza Leeds
·      158-room Holiday Inn Coventry
·      107-room Holiday Inn London Bexley
·      125-room Holiday Inn Gloucester – Cheltenham
·      105-room Holiday Inn Maidstone – Sevenoaks
·      86-room Holiday Inn Basingstoke
·      124-room Holiday Inn Fareham (to be transitioned within the next few months)
·      100-room Holiday Inn Hull Marina (to be transitioned within the next few months)
·      129-room Holiday Inn Southampton – Eastleigh (to be transitioned within the next few months)

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