Interstate picks up management of 82 White Lodging hotels

The Hyatt Place Edmonton West

Interstate Hotels & Resorts entered into a deal to acquire the management agreements of 82 premium-branded, select- and full-service hotels, plus one restaurant, from White Lodging. The transaction is anticipated to close by the end of January 2018, at which time Interstate will begin managing the hotels.

“We will operate this portfolio of high-quality assets under long-term agreements, helping the respective owners achieve increased long-term value,” Michael Deitemeyer, Interstate’s president & CEO, said in a statement. “A transaction of this magnitude will allow Interstate to further enhance our industry-leading systems and create additional value through our enhanced buying power. We look forward to welcoming 2,500 new associates to the global Interstate family, and with a transition of this level, further enhancing our leadership pipeline.”

The 82 hotels, of which 78 are select-service, are located in eight states and aggregate to 10,188 rooms under lodging brands such as Marriott, Hyatt and Hilton. Upon completion of the transaction, Interstate will be operating approximately 540 properties in 12 countries inclusive of committed pipeline.

FREE DAILY NEWSLETTER

Like this story? Subscribe to Operations!

Hospitality professionals turn to Operations as their go-to source for breaking news on guest rooms, food & beverage, hospitality trends, management, and more. Sign up today to get news and updates delivered to your inbox daily and read on the go.

Interstate Hotels & Resorts is a U.S.-based global hotel management company, operating branded full- and select-service hotels, resorts, convention centers, and independent hotels. Currently, Interstate’s global portfolio represents 540 properties in 12 countries inclusive of committed pipeline of signed hotels under construction or development around the world.

Suggested Articles

The new hotel is a mile from where the brand made its debut in London's Mayfair neighborhood 48 years ago. 

A new report from HVS suggests franchising is gaining popularity across Europe's hotel sector as the big brands seek new markets across the region.

The hotel is set to open in 2022 via a management agreement with Cornerstone Partners Group.