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Interstate Hotels & Resorts Expands India Hotel Portfolio to 13


April 4, 2012 - Mumbai, Maharashtra, India And Arlington, Virginia, United States

Interstate Hotels & Resorts today announced that the Company has expanded its signed and managed hotels to 13 with the April 1 management transition of The Turtle on the Beach and Estuary Island Resort in India, both owned by Thomas Hotels and Resorts.

“Since introducing our dedicated, owner-focused hotel management platform in India in 2008 with our joint venture partner, JHM, we have gained significant momentum. The hotel real estate industry in India is rapidly emerging and we are uniquely positioned as a quality operating partner experienced with leading international brands, ground-up construction, and landmark independent hotels and resorts,” said Jim Abrahamson, Interstate’s chief executive officer, in Mumbai for the 8th annual Hotel Investment Conference South Asia (HICSA). “India plays a key role in our global strategy, and we have the scale, resources, proprietary systems and experienced operators to benefit owners of both individual hotels and multi-hotel portfolios. We currently have 13 hotels managed or signed in top-tier markets throughout the country and have a strong foundation for future expansion.”

In addition to several projects previously announced, including the recently opened, five-star independent Rajasthali Resort and Spa in Jaipur, JHM Interstate India is in the process of converting two hotels to the Ramada brand, the Madhuban Hotel Dehradun and the Madhuban Highlands Mussoorie, and has executed management agreements for a 140-room four-star hotel in Gurgaon Haryana and the 65-room, five-star Bahra Mountain Resort and Spa Mashobra.

“India is one of the world’s fastest growing tourism destinations with more than 25.8 million international visitors and 740 million domestic vacationers, who in 2010 alone, came to enjoy the country’s rich cultural history and vast natural resources,” Abrahamson said. “As the hotel industry seeks to satisfy the demand for quality lodging, we are committed to delivering a world-class guest experience and driving superior returns to owners.”

JHM Interstate Hotels India is a 50/50 joint venture between Interstate Hotels & Resorts and JHM Hotels.

About JHM Interstate Hotels India Pvt. Ltd.

JHM Interstate Hotels India Pvt. Ltd is a 50/50 joint venture partnership formed in 2008 between Interstate Hotels & Resorts, Inc. and JHM Hotels. It is headquartered near New Delhi, India, with a fully staffed resource center in Gurgaon, Haryana. The management team in Gurgaon provides expertise in all aspects of hotel operations, including sales and marketing, food and beverage, information technology, human resources, construction and design, finance and quality assurance. For more information, contact Lloyd Lauland, executive director, JHM Interstate Hotels India, at 91 124 3091700, or visit the company’s website: www.jhminterstate.com.

About JHM Hotels

JHM Hotels, Inc., a premier lodging company based in Greenville S.C., has developed, acquired, owned and operated hotels throughout the United States for more than 36 years. The company currently owns and operates 43 U.S. hotels with more than 7,500 guestrooms, operating under such well-known brands as Marriott, Hilton, Starwood and Hyatt. For more information about JHM Hotels, visit the company’s website: www.jhmhotels.com.

About Interstate Hotels & Resorts

Interstate Hotels & Resorts, Inc., a wholly-owned subsidiary of a 50/50 joint venture between subsidiaries of Thayer Lodging and Jin Jiang, is the largest and leading U.S.-based global hotel management company, operating branded full- and select-service hotels and resorts, conference centers and independent hotels worldwide. Interstate and its affiliates manage and/or have ownership interests in nearly 400 hotels with more than 70,000 rooms in North America, Europe and Asia-Pacific. The Company has ownership in 58 of those hotels, including six wholly owned hotels. In addition, Interstate has executed agreements to manage 36 hotels with over 6,500 rooms under construction or development throughout the world. The company’s global management platforms provide owners and developers a successful combination of large-scale resources, international expertise, owner and brand relations, and comprehensive world-class operations.

For more information, visit www.interstatehotels.com. Connect with Interstate at www.linkedin.com/company/interstate-hotels-&-resorts, www.facebook.com/InterstateHotels, and http://jobs.interstatehotels.com.

CONTACTS : Daly Gray, Inc. Jerry Daly, Chris Daly Media 703-435-6293 jerry@dalygray.com

Source: Business Wire India

BusinessWireIndia

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