This Los Angeles hotel joins Interstate's portfolio

(As per the agreement Interstate will manage the hotel from its office in Newport Beach, Calif.)

Interstate Hotels & Resorts has been selected to manage the Holiday Inn Los Angeles–LAX Airport hotel, recently acquired by U.S. OCG, a subsidiary of Esong Group Co. The agreement was celebrated at a signing ceremony held at the hotel, and as per the agreement Interstate will manage the hotel from its office in Newport Beach, Calif.

The hotel is located 30 minutes from most major Los Angeles attractions, and one mile from LAX. The 405-room Holiday Inn Los Angeles–LAX Airport hotel is centrally located near beaches, universities, corporations and aerospace defense industries. The hotel has a 24-hour, complimentary LAX Airport shuttle; self-service business center open 24 hours; 4,066 square feet of meeting space; an outdoor heated pool; and the Landings Lounge F&B option.

"It is gratifying to win the confidence of U.S. OCG on their first hotel acquisition in the U.S. As we operated this hotel previously, our specialized market knowledge and depth of brand experience will allow us to continue providing exceptional results and service," said Don Li, head of Interstate's Asia Investment Group. "We look forward to a long and strong relationship with this exceptional group."

"As the leading global management company, Interstate Hotels & Resorts has developed a successful operating strategy, deploying resources focused on achieving our investment goals," said Zhouyun Wang, chairman of Esong Group. "Interstate consistently produces strong results, solidifying our choice for the Company to continue management of the Holiday Inn Los Angeles–LAX Airport."

Interstate has a management portfolio consisting of 423 hotels worldwide.