Interstate Hotels & Resorts Inc. / IHR
The lobby of the Hamilton Crowne Plaza, at 14th and K Streets in Washington D.C., one of more than 200 hotels, here and abroad, managed by Interstate (Photo: Courtesy of company.)
About Interstate Hotels & Resorts Inc.
4501 N. Fairfax Dr., Arlington, Va. 22203
www.ihrco.com
| 703-387-3100
| Founded: 1962
Industry: Hospitality And Travel | Category: Top 100 Companies
In 2006, the company expanded through acquisitions and by securing new contracts. In May, it signed a deal to manage the 1,100-room Pinnacle Condominium Resort in Las Vegas, a twin-tower, 36-story property expected to open in 2009. In June, Interstate secured a $2 million, 21 percent stake in the Doral Tesoro Hotel & Golf Club, a 286-room resort near Dallas that it has managed since 2002. Subsequently, the company paid $14.4 million for the Hilton Garden Inn in Baton Rouge; $36 million for a Hilton in Arlington, Tex.; and $4 million for a 15 percent stake in six Residence Inn by Marriott hotels in the Cleveland area. Overseas, the company secured deals to manage a hotel near Dublin and to operate Russia's first Hilton.
In March of this year, the company opened its first hotel in Belgium, bringing its European total to seven. It also bought a 15 percent stake in the Radisson Hotel Cross Keys in Baltimore, which it has operated since 1998.
CEO: Thomas F. Hewitt
CEO: Thomas F. Hewitt
2007 Financial Data
Total employees: 25,500 | Local employees: 1,550Company Leadership
| Thomas F. Hewitt | CEO |
| Bruce A. Riggins | CFO |
Source: Compensation data provided by Equilar, Inc..
Did You Know
Interstate Hotels & Resorts Inc. oversees more than 200 properties with more than 50,000 rooms across the United States, Canada and Europe. The company operates hotels and resorts owned by real estate investment trusts including Equity Inns and Sunstone Hotel Investors as well as private investment firms.
