J. William Richardson, Long-Time Interstate Hotels Executive, Elected To Company’s Board Of Director

At the annual stockholders meeting of Interstate Hotels Corporation (Nasdaq:IHCO), held on July 18, 2000, J. William Richardson was elected to serve a three-year term as a Class A director on Interstate`s Board of Directors. Richardson is the Company`s Vice Chairman and Chief Financial Officer.
According to Thomas F. Hewitt, Interstate`s Chairman and Chief Executive Officer, “Bill`s contributions to Interstate Hotels` long-term success are immeasurable and matched by few. His loyalty to the Company and commitment to excellence along with his vast knowledge of both the hotel and financial industries will make him an invaluable member of our Board of Directors. We applaud our stockholders for their overwhelming decision to add Bill to our Board.”

Richardson`s hotel career has spanned more than 25 years. He joined Interstate in 1981. In his current position, Richardson has responsibility for all financial areas of the Company, as well as all business development activities.

Interstate Hotels Corporation operates approximately 160 hotels with more than 30,000 rooms in 37 states in the United States as well as Canada, the Caribbean and Russia. For more information, visit www.interstatehotels.com.