Interstate Hotels & Resort News
Savino Leone, general manager, InterContinental Osaka
Savino Leone, general manager, InterContinental Osaka, talks to Breaking Travel News about winning at the World Travel Awards and how important it is to be honoured in this way for the brand.
Merger Approved 50/50 Joint Venture Between Thayer Lodging Group and Jin Jiang Hotels
Interstate Hotels & Resorts (NYSE:IHR) , a leading hotel real estate investor and the nation’s largest independent hotel management company, today announced that its stockholders approved, at a special meeting held today, the merger agreement by which Interstate will be acquired by Hotel Acquisition Company, LLC (“HAC”). HAC is a 50/50 joint venture between subsidiaries of Thayer Hotel Investors V-A LP, a private equity fund sponsored by Thayer Lodging Group (“Thayer Lodging”), and Shanghai Jin Jiang International Hotels (Group) Company Limited (“Jin Jiang Hotels”).
Interstate inks deal for Indian investment
Interstate Hotels & Resorts has formed a 50-50 joint venture partnership with JHM Hotels to operate and selectively invest in hotels in India.